Intermediary definitions shape the regulatory framework by defining control, principal officer, and covered classes under the regulations.

Regulation 2 sets out the principal definitions governing the Intermediaries Regulations, 2008, including associate, certificate, change of status or constitution, control, days, Form, intermediary, inspecting authority, principal officer, relevant regulations, securities laws, schedule, self regulatory organization, and wilful defaulter. It also identifies the classes covered by intermediary, explains change of status or constitution by reference to restructuring, change in control, and change in legal status, and provides that undefined expressions take their meaning from the Act and other specified securities and company laws.

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