For the purposes of this Regulation, the following definitions apply:

(1) "branch" of a financial or credit institution means a place of business which forms a legally dependent part of a financial or credit institution and which carries out directly all or some of the transactions inherent in the business of financial or credit institutions;

(2) "brokering services" means:(a) the negotiation or arrangement of transactions for the purchase, sale or supply of goods and technology or of financial and technical services, including from a third country to any other third country; or(b) the selling or buying of goods and technology or of financial and technical services, including where they are located in third countries for their transfer to another third country;