(1) In GEN Rule 2.2.2, Operating an Employee Money Purchase Scheme means:
(a) in relation to a Scheme established in the DIFC under a trust, acting as the trustee of the trust; or
(b) in relation to any other type of Scheme, acting as the manager of the Scheme.
(2) If a Scheme is established under a master trust, the master trustee and each sub-trustee are taken to be Operating that Scheme.
(3) To the extent that any activity under (1) constitutes:
(a) Dealing as Principal;
(b) Dealing as Agent;
(c) Providing Trust Services; or
(c) Managing Assets,such a Financial Service is taken to be incorporated within Operating an Employee Money Purchase Scheme.