Interpretation

In this Order, unless the context otherwise requires“Agreement” means the Agreement between the Government of Belize and the Government of the Republic of India for the Exchange of Information with respect to Taxes, signed on the 18th September, 2013, 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 of Finance or the Financial Secretary; and in the case of India, the Finance Minister, Government of India, or its authorised “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 Domestic Banks and Financial Institutions Act or the International Banking Act, and includes brokerage firms and insurance companies; “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, 2008; Income and Business Tax 429 “service provider” has the meaning assigned to it in the Trust and Company Service Providers (Best Practices) Regulations; CAP. 104. “supervisory authority” shall have the meaning assigned to it in section 2 of the Money Laundering and Terrorism (Prevention) Act.