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    <description>Regulation 3 defines terms governing registration of Factors and assignments of receivables, including Factor, Finance Company, Central Registrar, Central Registry, International Financial Services Centre, International Trade Financing Services platform and Trade Receivables Discounting System. Key managerial personnel follows the Companies Act meaning, subject to additional persons designated by a Factor. Relevant Person includes key managerial personnel and persons exercising control over the Factor. Undefined expressions adopt their meanings under the specified governing enactments and related rules or regulations.</description>
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