[E]
ECRA
External Credit Rating Agency
E-currency (or E-money)
A digital representation of Fiat Currency used to electronically transfer value denominated in Fiat Currency.
EDD
Enhanced Due Diligence, as described in AML 7.1.1.
Eligible Capital
The capital instruments that may be recognised by an AIFC-Incorporated Insurer for the purpose of meeting its MCR and PCR in accordance with PINS Schedule 3 (Calculation of Eligible capital).
The capital instrument that may be recognised by an AIFC-Incorporated Takaful Operator for the purpose of meeting its MCR and PCR in accordance with TRR Schedule 3 (Calculation of Eligible capital).
Employee
As defined in the Employment Regulations, an individual who works or will work in the service of another person under an express or implied contract of hire under which the other person has the right to control the details of work performance. The other person is the Employee’s Employer.
Employee Share Scheme
A scheme or arrangement for encouraging or facilitating the holding of Shares or Debentures in a Company by or for the benefit of:
- (a) the bona fide Employees or former Employees of the Company, the Company’s subsidiary or Holding Company or a subsidiary of the Company’s Holding Company; or
- (b) the wives, husbands, widows, widowers or minor children or minor stepchildren of the individuals referred to in (a).
Equity Risk Capital Requirement
A component of Market Risk Capital Requirement and calculated in accordance with BBR 6.5 and chapter 6 of BPG.
Equivalent Regulated Exchange for Listed Funds
A Regulated Exchange in relation to which the AFSA has determined, either on the application of a Fund Manager or upon its own initiative, that is equivalent to an Authorised Investment Exchange in relation to the listing of Listed Funds. The AFSA may publish a list from time to time identifying Regulated Exchanges it has determined to be Equivalent Regulated Exchanges.
Exempt Fund
A Collective Investment Scheme identified in CIS 2.2(a).
Exempt Offeror
The Persons identified in MAR 1.2.1.
Exempt Securities
The Securities listed in MAR 1.2.2.
Externally Regulated PRU Investment Firm
A Person who is specified as such in a direction made by the AFSA under PRU(INV) 1.3(9).
Expert
Has the meaning given in MAR 1.9.3.