T

Tied Agent
Means a natural or legal person who, under the full and unconditional responsibility of only one investment firm on whose behalf it acts, promotes investment and/or ancillary services to clients or prospective clients, receives and transmits instructions or orders from the client in respect of investment services or financial instruments, places financial instruments and/or provides advice to clients or prospective clients in respect of those financial instruments or services.

Tied Insurance Intermediary
Means any person who carries on the activity of insurance mediation:
a) for and on behalf of one or more insurance undertakings in the case of insurance products that are not in competition; and
b) who acts under the full responsibility of those insurance undertakings for the products which concern them respectively.

Trustee to Funds
The trustee function in respect of a unit trust scheme, an investment company, an investment limited partnership and a common contractual fund includes the custodian function. A trustee firm is an entity, which has been approved to provide trustee services to authorised collective investment schemes.