Article 2. Definitions

The following definitions are used in this Constitutional Law:

1. “Family Members” means the spouse of the TIFC Participant, the Employee or TIFC Investment Tax Resident, and their children under the age of 18;

2. “Digital Asset Activities” means the services described in Article 7(3) of this Constitutional Law and such other services as may be designated as Digital Asset Activities under TIFC Acts;

3. “Financial Market Infrastructure Activities” means the services described in Article 7(2) of this Constitutional Law and such other services as may be designated as Financial Market Infrastructure Activities under TIFC Acts;

4. “Financial Services” means, collectively, the Regulated Financial Services, Financial Market Infrastructure Activities, Digital Asset Activities described in Article 7 of this Constitutional Law, and any other activities and services as may be specified as Financial Services by TIFC Acts;

5. “Identification Number” means a unique number allocated to a TIFC Person for the purpose of recording and maintaining information relating to such TIFC Person;

6. “Significant TIFC Act” means any TIFC Act that: (a) imposes material new obligations, restrictions, or requirements on TIFC Participants or TIFC Persons; (b) introduces or materially increases fees, penalties, or charges applicable within the TIFC; (c) materially amends an existing regulatory framework applicable to TIFC Participants; or (d) relates to the governance, structure, or powers of a TIFC Body.

7. “Stock Exchange” means a multilateral system, operated under a licence granted pursuant to TIFC Acts, which brings together, or facilitates the bringing together of, multiple third-party buying and selling interests in financial instruments, in accordance with non-discretionary rules, in a way that results in a contract;

8. “TIFC Act” means a normative measure, adopted by a body set forth in Article 22(1) of this Constitutional Law, within such bodyʼs purview, and promulgated in a manner giving such measure legal force and effect;

9. “TIFC Employee” or “Employee” means an individual who is employed by, or seconded to, a TIFC Participant or a TIFC Body under an employment contract or equivalent arrangement in connection with activities in the TIFC;

10. “TIFC Participants” means persons registered or established or recognised in accordance with TIFC Acts;