Define: Financial Firm

How is Financial Firm defined in a legal contract?

• Financial Firm means any entity within the regulatory jurisdiction of ESMA, that may include various forms such as alternative investment fund managers, management companies, central counterparties, trade repositories, investment firms, data reporting services providers, market operators of trading venues, central securities depositories, credit rating agencies or administrators of critical benchmarks. Precise definitions for all these categories exist within different regulations and directives. Seen in 11 SEC filings.
• Financial Firm means any company or fund that is involved in venture capital investments, investment banking, managing mutual funds, or securities business. Seen in 2 SEC filings.
• Financial Firm means a registered investment advisory company, often referred to as a wealth management company, that we give authorization to manage an account related to a contract. Seen in 2 SEC filings.
• Financial Firm means entities such as hedge funds, mutual funds, and certain types of brokerage or investment firms. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of financial firm' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Financial Firm means a registered entity involved in investment services, such as fund management or securities business.

Relevant Contract Types

• Investment Advisory Agreement
• Venture Capital Investment Agreement
• Asset Management Agreement
• Brokerage Agreement

Relevant Circumstances

• When establishing an investment management relationship
• When outlining the terms of investment services
• When setting up a financial advisory or brokerage account

Relevant Sectors

• Finance
• Investment
• Venture Capital

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Genie Definition 2

Financial Firm means a regulated body managing critical benchmarks, repositories or central securities depositories.

Relevant Contract Types

• Depository Agreement
• Benchmarks Regulation Agreement
• Central Securities Depository Agreement

Relevant Circumstances

• When defining the terms of benchmark regulation
• When setting up a central securities depository
• When outlining the procedures for repositories management

Relevant Sectors

• Finance
• Banking
• Securities

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