(1) In this Part -
"adverse assessment" means an assessment in which the assessor has decided that the assessee is committing or has committed a prescribed contravention;
"assessee" means the person the subject of an assessment;
"assessment" means an assessment referred to in Regulation 113;
"assessor" means an assessor appointed under Regulation 113;
"prescribed contravention" means a contravention by a non-regulated financial service provider of any of the provisions set out in Regulation 119(5), (6) and (7);
"qualifying holding" means - (a) a direct or indirect holding of shares or other interest in a regulated financial service provider which represents 10 per cent or more of the capital or the voting rights, or (b) a direct or indirect holding of shares or other interest in a regulated financial service provider which represents less than 10 per cent of the capital or voting rights but which, in the opinion of the Bank, makes it possible to control or exercise a significant
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