GEN A1.1.2

A sum is not a Deposit if it is paid:

(a) by a Person in the course of carrying on a business consisting wholly or to a significant extent of lending money;
(b) by one company to another at a time when both are members of the same Group;
(c) by an Authorised Firm authorised under its Licence to carry on the following Financial Services:
(i) Accepting Deposits;
(ii) Effecting Contracts of Insurance; or
(iii) Carrying Out Contracts of Insurance; or
(d) by a Person who is a close relative of the Person receiving it or who is a director, manager or Controller of that Person.

Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]