Definitions

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.... (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "Algorithmic Trading Systems (ATS)" means the hardware, software, procedures, and processes used to originate a transaction on an Electronic Trading Platform using a system-driven execution mechanism; (c) "Authority" means the International Financial Services Centres Authority ....

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....ble Jurisdiction" shall mean the jurisdictions specified in the First Schedule; (g) "Electronic Trading Platform" means an electronic system located in the International Financial Services Centre through which offers for sale, purchase or exchange of Eligible Instruments are regularly made by the Participants and which, upon acceptance of such offer, may enable the clearing and settlement....

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....ntention to unreasonably disadvantage other Participant(s), distort the pricing mechanisms on an ETP, or create artificial supply and demand for Eligible Instruments; (l) "Net Worth" for the purpose of these Regulations, shall mean paid-up equity capital, compulsorily convertible preference shares, free reserves, balance in share premium account and capital reserves representing surplus a....