Financial Institutions shall include any person who, as a commercial activity, carries out one or more of the following financial activities or operations for the benefit of, or on behalf of, a Customer: 1. Acceptance of deposits and other repayable funds from the public. 2. Lending, including consumer loans and mortgage loans, with or without recourse, and the financing of commercial transactions, including the purchase of export documents and the purchase of debts, whether with or without recourse. 3. Financial leasing, excluding financial leasing related to consumer products. 4. Money or value transfer services, excluding any natural or legal person who solely provides Financial Institutions with messaging or other support systems for the transfer of funds. 5. Issuance and management of means of payment, including debit cards, credit cards, cheques, payment orders, banker drafts, and electronic money. 6. Guarantees and financial commitments. 7. Trading in financial market instruments such as cheques, bills of exchange, certificates of deposit, derivatives, and others; or foreign exchange, currency exchange instruments, interest rates, indices, other financial derivatives, or tradable financial instruments; and trading in commodity futures contracts. 8. Participation in the issuance of securities and the provision of financial services related to such issuances. 9. Management of funds and portfolios of all types. 10. Safekeeping and administration of cash or liquid securities on behalf of others. 11. Other operations for investing, managing, or operating funds or monies on behalf of others. 12. Subscription to, or savings in, life insurance policies and other types of investment-related insurance, including those provided by insurance agents and brokers. 13. Money or currency exchange. 14. Any other financial activities or operations as may be determined by a resolution issued by the Supervisory Authority, in coordination with the National Committee.
Interpretation and application must be checked against the official text and current version.