Interpretation

In this Order, unless the context otherwise requiresSchedule. “Agreement” means the Agreement between the Government of Belize and the Government of the Kingdom of the Netherlands for the Exchange of information on Tax Matters, signed by the Netherlands on the 21st January 2010, and by Belize on the 4th February, 2010, as set out in the Schedule hereto; CAP. 272. “authorised representative” of the Minister means the Financial Secretary or the Director General of the International Financial Services Commission, appointed pursuant to section 8 of the International Financial Services Commission Act; “competent authority” means in the case of Belize, the Minister or the Financial Secretary; and in the case of the Netherlands, the Minister of Finance or his authorised representative; “days” means calendar days; “IFS Practitioner” means any person or entity licensed by the International Financial Services Commission to carry on the business of ‘international financial services’ as that term is defined in section 2 of the International Financial Services Commission Act; CAP. 272. CAP. 263. CAP. 267. “financial institution” means a bank or financial institution as defined in the Banks and Financial Institutions Act or International Banking Act, and includes brokerage firms and insurance companies; CAP.104. “Minister” means the Minister of Finance; CAP.104. “reporting entity” shall have the meaning assigned to it in section 2 of the Money Laundering and Terrorism (Prevention) Act; 168 Income and Business Tax “supervisory authority” shall have the meaning assigned to it in section 2 of the Money Laundering and Terrorism (Prevention) Act. CAP. 104.