Interpretation

In this Order, unless the context otherwise requires “Agreement” means the Agreement between Belize and the United Mexican States for the Exchange of Information relating to Tax Matters, signed on the 17th day of November, 2011, as set out in the Schedule hereto; “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; CAP. 272. “competent authority” means in the case of Belize, the Minister or the Financial Secretary; and in the case of Mexico, the Ministry of Finance and Public Credit; “days” means calendar days; CAP. 272. “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. 263. CAP.267. “financial institution” means a bank or financial institution as defined in the Banks and Financial Institutions Act or the International Banking Act, and includes brokerage firms and insurance companies; “Minister” means the Minister of Finance; “reporting entity” shall have the meaning assigned to it in section 2 of the Money Laundering and Terrorism (Prevention) Act; “supervisory authority” shall have the meaning assigned to it in section 2 of the Money Laundering and Terrorism (Prevention) Act. Income and Business Tax 365