(1) In section 1(4)(a) "financial services" means any service of a financial nature, including (but not limited to) -
(a) insurance-related services consisting of -
(i) direct life assurance;
(ii) direct insurance other than life assurance;
(iii) reinsurance and retrocession;
(iv) insurance intermediation, such as brokerage and agency;
(v) services auxiliary to insurance, such as consultancy, actuarial, risk assessment and claim settlement services;
(b) banking and other financial services consisting of -
(i) accepting deposits and other repayable funds;
(ii) lending (including consumer credit, mortgage credit, factoring and financing of commercial transactions);
(iii) financial leasing;
(iv) payment and money transmission services (including credit, charge and debit cards, travellers' cheques and bankers' drafts);
(v) providing guarantees or commitments;
(vi) financial trading (as defined in subsection (2));
(vii) participating in issues of any kind of securities (including underwriti
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