RESTRICTED
WORLD TRADE GATS/SC/16/Suppl.1
28July1995
ORGANIZATION(95-2212)
Trade inServices
CANADA
Schedule ofSpecific Commitments
Supplement 1
(This isauthentic inEnglish only)
_________________
This textreplaces theFinancial Services section contained inpages 52to68of
document GATS/SC/16.CANADA -SCHEDULE OFSPECIFIC COMMITMENTS
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
7.FINANCIAL SERVICES
Measures applicable toallSectors inFinancial Services
1.Commitments inthisChapter areundertaken inaccordance withtheUnderstanding onCommitments inFinancial Services
("Understanding").
2.Forgreater certainty, market access commitments withrespect tothe"cross-border" and"consumption abroad" supply ofservices (as
described inparagraphs 2(a)and2(b)ofArticle 1oftheGeneral Agreement ofTrade inServices) apply onlytothetransactions indicated
inparagraphs 3and4ofMarket Access oftheUnderstanding. Itisunderstood thatparagraph 4ofthatsection oftheUnderstanding does
notimpose anyobligation toallow non-resident financial services suppliers tosolicit business.
3.Thecommitments on"commercial presence" arebound according totheUnderstanding.
4.Thecommitments on"presence ofnatural persons" arescheduled inaccordance withtheUnderstanding andbound according tothegeneral
limitations applicable toallsectors inthisschedule (Part I).
5.Otherwise, thecommitments inthisChapter aresubject tothegeneral conditions orlimitations applicable toallsectors inthisschedule.
GATS/SC/16/Suppl.1
Page1CANADA (continued) GATS/SC/16/Suppl.1
Page2
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(1)None (1)None, other than:
(i) Certain supplies between
members ofaclosely-related
group ofcorporations which
includes afinancial institution
maybetreated asexempt
supplies under value-added
taxes. Imported supplies do
notqualify forthistreatment.
(ii) Supplies between resident and
non-resident branches or
representative offices ofa
financial institution aretreated
assupplies between separate
persons forthepurposes of
value-added taxes.
(2)None (2)None, other than:
(i) Certain supplies between
members ofaclosely-related
group ofcorporations which
includes afinancial institution
maybetreated asexempt
supplies under value-added
taxes. Imported supplies do
notqualify forthistreatment.CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(ii) Supplies between resident and
non-resident branches or
representative offices ofa
financial institution aretreated
assupplies between separate
persons forthepurposes of
value-added taxes.
(3)None, other than:
Federally-regulated financial
institutions having capital inexcess of
$750 million arerequired, within five
years ofhaving reached thethreshold,
tohave35percentoftheirvoting
shares widely-held andlisted and
posted fortrading onaCanadian Stock
Exchange.(3)None, other than:
TheGovernment ofOntario
Management Board Directive and
Industrial Development Review
Process provides foraprice
preference ofupto10percentfor
Canadian content based on
value-added inCanada forcertain
government purchases. The
Management Board Directive applies
onthebasis ofthenationality ofthe
individual service provider.
(i) Certain supplies between
members ofaclosely-related
group ofcorporations which
includes afinancial institution
maybetreated asexempt
supplies under value-added
taxes. Imported supplies do
notqualify forthistreatment.
GATS/SC/16/Suppl.1
Page3CANADA (continued) GATS/SC/16/Suppl.1
Page4
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(4)Seeparagraph 4ofheadnote on
Financial Services.(ii)Supplies between resident and
non-resident branches or
representative offices ofa
financial institution aretreated
assupplies between separate
persons forthepurposes of
value-added taxes.
(4)Seeparagraph 4ofheadnote on
Financial Services.
A.Insurance and
Insurance-Related
Services
(CPC 812* +814)
(a)Life, accident and
health insurance
services
(CPC 8121)
(b)Non-life insurance
services
(except deposit
insurance and
similar
compensation
schemes)
(CPC 8129)(1)None, other than:
Direct insurance (federal): Services
must besupplied through acommercial
presence withtheexception ofmarine
insurance.
(Allprovinces): Services must be
supplied through acommercial
presence.
Reinsurance andretrocession (federal):
Services must besupplied through a
commercial presence.
(Allprovinces, excluding Alberta):
Services must besupplied through a
commercial presence.(1)NoneCANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(c)Reinsurance and
retrocession
(CPC 81299*)(2)None, other than:
Reinsurance andretrocession (federal):
Thepurchase ofreinsurance services
byaCanadian insurer, other thanalife
insurer orareinsurer, from a
non-resident reinsurer islimited tono
more than25percentoftherisks
undertaken bytheinsurer purchasing
thereinsurance.(2)None, other than:
Direct insurance other thanlife,
personal accident, sickness ormarine
insurance (federal): Anexcise tax
of10percentisapplicable onnet
premiums paidtonon-resident
insurers orexchanges inregard toa
contract against ariskordinarily
within Canada, unless such
insurance indeemed nottobe
available inCanada.
Direct insurance (Alberta): Afee
payable totheprovince of50per
centofthepremium paidand
regulatory notification arerequired
oninsurance ofrisksintheprovince
byunlicensed insurers.
(3)None, other than:
Direct insurance andreinsurance and
retrocession (federal): Thesolicitation
ofinsurance services inCanada can
onlybeeffected through:
(i)acorporation incorporated under
thelawsofCanada;(3)None, other than:
Direct insurance andreinsurance and
retrocession (federal): Aminimum
ofonehalfofdirectors must be
either Canadian citizens ordinarily
resident inCanada orpermanent
resident ordinarily resident in
Canada.
GATS/SC/16/Suppl.1
Page5CANADA (continued) GATS/SC/16/Suppl.1
Page6
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(ii)corporation incorporated byor
under thelawsofanother
jurisdiction (i.e., abranch ofa
foreign corporation);(British Columbia): Amajority of
thedirectors must beresident in
Canada andatleastonedirector
must beresident inBritish
Columbia.
(iii) asassociation formed ontheplan
known asLloyds.(Ontario): Capital requirements for
mutual insurance companies donot
apply tocertain mutual insurance
companies incorporated inOntario.
Acontrolling number ofshares ofa
Canadian insurance subsidiary must be
helddirectly bytheforeign insurance
company incorporated inthe
jurisdiction where theforeign insurance
company, either directly orthrough a
subsidiary, principally carries on
business.(Quebec): Three quarters of
directors must beCanadian citizens
andamajority must reside in
Quebec.
Abranch ofaforeign insurance
company must beestablished directly
under theforeign insurance company
incorporated inthejurisdiction where
theforeign insurance company, either
directly orthrough asubsidiary,
principally carries onbusiness.CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(Allprovinces): Insurance activities
canonlybeprovided through:
(i) acorporation incorporated under
provincial statutes;
(ii) anextra-provincial insurance
corporation, i.e.,aninsurer
incorporated by,orunder the
lawsofanother jurisdiction
(including afederally-authorized
branch ofaforeign corporation);
(iii) anassociation formed ontheplan
known asLloyds;
(iv) (Ontario): Reciprocal insurance
exchanges.
(Alberta): Subsidiaries offoreign
insurance corporations must be
federally-authorized.
(Quebec): Non-residents canacquire,
either directly orindirectly, nomore
than30percentofthevoting shares of
anyCanadian-controlled and
Quebec-chartered company without
ministerial approval.
GATS/SC/16/Suppl.1
Page7CANADA (continued) GATS/SC/16/Suppl.1
Page8
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(Federal): Thepurchase ofreinsurance
services byaCanadian insurer, other
thanalifeinsurer orreinsurer, from a
resident reinsurer islimited tonomore
than75percentoftherisks
undertaken bytheinsurer purchasing
thereinsurance.
(British Columbia): Incorporation,
share acquisition orapplication for
business authorization, where any
person controls orwillcontrol 10per
centormore ofthevotes ofthe
company, issubject toministerial
approval.
(Non-life insurance (Ontario):
Reciprocal insurance exchanges must
maintain guarantee fundof£50,000
unless anautoorfireinsurer has
principal office inOntario, then
£25,000 isrequired.
(Motor vehicle insurance): (Quebec,
Manitoba, Saskatchewan andBritish
Columbia): Motor vehicles insurance
isprovided bypublic monopoly.
(4)Seeparagraph 4ofheadnote on
Financial Services.(4)Seeparagraph 4ofheadnote on
Financial Services.CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(d)Services auxiliary to
insurance (including
broking andagency
services)
(CPC 8140)(1)None, other than:
Intermediation ofinsurance relating to
maritime shipping, commercial
aviation, space launching, freight (incl.
satellites) andgoods ininternational
transit (allprovinces): Services must
besupplied through acommercial
presence intheprovince inwhich the
service isprovided.(1)None
Adjustment services (Newfoundland):
Non-resident adjusters must, asa
condition forobtaining alicence, agree
toactthrough thefacilities ofan
adjuster, adjusting company,
representative, agent orbroker licensed
under provincial law.
(Ontario andPrince Edward Island):
Non-resident individual adjusters are
prohibited from being adjusters inthe
province.
GATS/SC/16/Suppl.1
Page9CANADA (continued) GATS/SC/16/Suppl.1
Page10
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(2)None (2)None, other than:
Intermediation ofinsurance relating
tocommercial aviation, space
launching, freight (incl. satellites)
andgoods ininternational transit
(federal): Anexcise taxof10per
centisapplicable onnetpremiums
paidtonon-resident insurers or
exchanges inregard toacontract
against ariskordinarily within
Canada, unless suchinsurance is
deemed nottobeavailable in
Canada. Theexcise taxisalso
applicable onnetpremiums payable
withregard toacontract entered
into,through anon-resident broker
oragent, withanyinsurer authorized
under thelawsofCanada orofany
province tocarry outthebusiness of
insurance.
(3)None, other than:
(Ontario): Nolicence isprovided toa
corporation toactasaninsurance
broker, agency oradjuster ifthe
majority ofthevoting rights arein
shares owned bynon-residents. A
corporate agency oradjuster or
insurance broker which ismajority(3)None, other than:CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
non-resident-owned andlicensed asa
result ofgrandfathering cannot expand
through purchase ofassets orbusiness
ormerger oramalgamation withany
other broker, agent oradjuster. No
licence isprovided toacorporation or
partnership which isaninsurance
agency oradjuster iftheheadoffice is
outside Canada orifanypartner is
resident outside Canada.
(Newfoundland): Extra-provincial
individual adjusters andrepresentatives
must besponsored byaresident
Newfoundland company oragency.
(4)Seeparagraph 4ofheadnote on
Financial Services, and:
(Newfoundland): Extra-provincial
individual adjusters andrepresentatives
must besponsored byaresident
Newfoundland insurance company or
agency.(4)Seeparagraph 4ofheadnote on
Financial Services.
GATS/SC/16/Suppl.1
Page11CANADA (continued) GATS/SC/16/Suppl.1
Page12
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
B.Banking andOther
Financial Services
(excl. insurance)
(CPC 81115 to
81119 +813)
(a) Acceptance of
deposits andother
repayable funds
from thepublic
(CPC 81115-
81119)(1)None
(2)None(1)None
(2)None
(b) Lending ofall
types, incl., inter
alia,consumer
credit, mortgage
credit, factoring
andfinancing of
commercial
transactions
(CPC 8113)
(c) Financial leasing
(CPC 8112)(3)None, other than:
Banks: Foreign banks must
incorporate subsidiaries inCanada to
undertake thebusiness ofbanking.
Nooneperson (Canadian orforeign
mayownmore than10percentofany
classofshares ofaSchedule Ibank.
Trust andloancompanies (federal and
allprovinces): Federal orprovincial
incorporation isrequired.(3)None, other than:
Banks: Ministerial approval is
required forforeign bank
subsidiaries toopenmore thanone
branch.
.
Aminimum ofonehalfofthe
directors must beeither Canadian
citizens ordinarily resident inCanada
orpermanent resident ordinarily
resident inCanada.CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Trust andloancompanies (federal):
Aminimum ofonehalfofthe
directors must beeither Canadian
citizens ordinarily resident inCanada
orpermanent resident ordinarily
resident inCanada.
(d) Allpayment and
money
transmission
services
(CPC 81339*)(Ontario, Quebec andManitoba): The
direct orindirect acquisition of
Canadian-controlled companies by
foreign persons isrestricted to10per
centindividually and25percent
collectively.(Alberta): Atleastthree quarters of
thedirectors must beordinarily
resident inCanada.
(e) Guarantees and
commitments
(CPC 81199*)(Saskatchewan): Individual and
collective foreign ownership of
Canadian-controlled andprovincially
incorporated companies canbeno
more than10percentofshares.(British Columbia): Amajority of
thedirectors must beresident in
Canada andatleastonedirector
must beresident inBritish
Columbia.
(British Columbia): Incorporations,
share acquisition orapplication for
business authorization, where any
person controls orwillcontrol 10per
centormore ofthevotes ofthe
company, aresubject toministerial
approval.(Nova Scotia): Amajority of
directors must beresident inCanada
andCanadian citizens.
GATS/SC/16/Suppl.1
Page13CANADA (continued) GATS/SC/16/Suppl.1
Page14
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(Ontario): Incorporation orregistration
willberefused unless authorities are
satisfied thatthere exists apublic
benefit andadvantage foranadditional
corporation. Consent tochange in
control ortransfers of10percentor
more ofvoting shares mayberefused
ifitwould beinthepublic interest to
doso.(Manitoba andOntario): Foreign
persons maynotexercise thevoting
rights attached toshares iftheyare
notregistered asshareholders in
respect oftheshares.
(Ontario): Amajority ofdirectors
must beCanadian citizens.
Banks andtrustcompanies (federal):
Acontrolling number ofshares ofa
Canadian bankortrustcompany
subsidiary must behelddirectly bythe
foreign banks ortrustcompany
incorporated inthejurisdiction where
theforeign bankortrustcompany,
either directly orthrough asubsidiary,
principally carried onbusiness.(Quebec): Three quarters ofthe
directors must beCanadian citizens
andamajority must reside in
Quebec.
Credit unions andcaisses populaires
(Ontario andManitoba): Directors
ofcredit unions must beCanadian
citizens.
Credit unions, caisses populaires and
associations orgroups thereof (all
provinces): Must incorporate inthe
jurisdictions inwhich theyoperate.(British Columbia): Directors and
sub-directors ofcredit unions must
beresidents oftheprovince.CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Mortgage brokers (Ontario): Must
incorporate under thelawsofCanada,
Ontario orofanother province.
Ownership ofacorporation byforeign
persons must notexceed 10percent
individually and25percent
collectively ofthetotalnumber of
equity shares.(Manitoba): Credit unions and
caisses populaires areexempt from
thecorporate capital tax.
(Alberta): Directors ofcredit unions
must bepermanent residents of
Canada andthree quarters must at
alltimes beordinarily resident inthe
province.
(Nova Scotia): Must incorporate under
thelawsofCanada orNova Scotia.(Quebec): Directors ofcaisses
populaires must havearesidence,
place ofbusiness oremployment in
theterritory served bythecaisse.
(Alberta): Must maintain abusiness
office intheprovince.Community bonds corporations
(Saskatchewan, Manitoba):
Directors ofCommunity Bonds
Corporations must beresident ofthe
province.
GATS/SC/16/Suppl.1
Page15CANADA (continued) GATS/SC/16/Suppl.1
Page16
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Loan andinvestment companies
(Quebec): Federal orprovincial
incorporation.
Co-operative corporations (Ontario):
Must incorporate inOntario.
Lending ofalltypes (Nova Scotia):
Must incorporate under thelawsof
Canada orNova Scotia.
Acceptance ofdeposits (Quebec): The
acceptance ofdeposits ofpublic and
para-public institutions isprovided bya
public monopoly.Venture capital corporations (federal
andallprovinces): Taxmeasures
thatresult inadifference in
treatment withrespect toan
investment inaventure capital
corporation asprescribed pursuant to
theIncome TaxActofCanada.
(4)Seeparagraph 4ofheadnote on
Financial Services, and:
Mortgage brokers (Ontario): Must be
permanent residents ofCanada.(4)Seeparagraph 4ofheadnoteon
Financial Services.
(Nova Scotia): Must beresident inthe
province.
(Alberta): Must beresident inthe
province foraminimum ofthree
months toberegistered.CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(f) Trading forown
account orfor
account of
customers whether
onanexchange, in
anover-the-counter
market or
otherwise, the
following:(1)None, other than:
Advisory andauxiliary financial
services (Alberta, British Columbia,
Nova Scotia, Ontario, Quebec):
Services must besupplied through a
commercial presence inthejurisdiction
inwhich theadviser isproviding
advice.None
-money market
instruments
(cheques, bills,
certificate of
deposits, etc.)
(CPC 81339*);Asset management (Alberta, British
Columbia, Nova Scotia, Ontario,
Quebec andSaskatchewan): Services
must besupplied through acommercial
presence inthejurisdiction inwhich
theservice isprovided.
-foreign
exchange
(CPC 81333*);
-derivative
products incl.
butnotlimited
to,futures and
options
(CPC 81339*)(Quebec): Themanagement ofpension
funds ofpublic andpara-public
institutions inQuebec isprovided by
public monopoly.
Custodial services: Mutual funds
which offer securities inCanada must
usearesident custodian. Anon-
resident sub-custodian maybeusedifit
hasshareholders equity ofatleast$100
million.
GATS/SC/16/Suppl.1
Page17CANADA (continued) GATS/SC/16/Suppl.1
Page18
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
-exchange rate
andinterest rate
instruments,
incl.products
suchasswaps,
forward rate
agreements, etc.
(CPC 81339*)(2)None, other than.
Trading insecurities andcommodity
futures -persons (allprovinces):
There isarequirement toregister in
order totrade through dealers and
brokers thatareneither resident nor
registered intheprovince inwhich the
trade iseffected.(2)None
-transferable
securities
(CPC 81321*)
-other negotiable
instruments and
financial assets,
incl.bullion
(CPC 81339*)(3)None, other than:
Securities dealers andbrokers (British
Columbia, Newfoundland, Ontario,
Saskatchewan, Yukon): Must be
incorporated, formed orcontinued
under federal, provincial orterritorial
laws.
(Quebec): Only brokerage firms
incorporated under federal, provincial
orterritorial lawsmaybemembers of
theMontreal Exchange.(3)None
Trading insecurities andcommodity
futures andadvisory andauxiliary
financial services -dealers, brokers,
andadvisers: (Alberta, Ontario.
Newfoundland, Nova Scotia): A
director orofficer ofanapplicant
firmmust havebeenaresident of
Canada foraperiod ofatleastone
yearprior totheapplication.CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(g) Participation in
issues ofallkinds
ofsecurities,
including
underwriting and
placement asagent
(whether publicly
orprivately) and
provision of
service related to
suchissues
(CPC 8132)
(h) Money broking
(CPC 81339*)Advisory andauxiliary financial
services (British Columbia): Must be
incorporated, formed orcontinued
under federal, provincial orterritorial
laws.
Asset management (Quebec): The
management ofpension funds ofpublic
andpara-public institutions inQuebec
isprovided byapublic monopoly.
(4)Seeparagraph 4ofheadnote on
Financial Services(4)Seeparagraph 4ofheadnote on
Financial Services
(i) Asset
management, such
ascashor
portfolio
management, all
forms ofcollective
investment
management,
pension fund
management,
custodial
depository and
trustservices
(CPC 8119*,
81323*)Trading insecurities andcommodity
futures andadvisory andauxiliary
financial services -dealers, brokers
andadvisers: (allprovinces except
British Columbia): Anindividual
applicant forregistration isrequired
tohavebeenaresident ofCanada
foraperiod ofatleastoneyear
prior totheapplication anda
resident oftheprovince inwhich
he/she wishes tooperate atthedate
ofapplication.
GATS/SC/16/Suppl.1
Page19CANADA (continued) GATS/SC/16/Suppl.1
Page20
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(j)Settlement and
clearing services for
financial assets, incl.
securities, derivative
products, andother
negotiable
instruments
(CPC 81339*,
81319*)(Quebec): Anindividual acting asa
representative ofadealer oradviser,
subject tocertain exemptions, must
bearesident oftheprovince.
(k)Advisory andother
auxiliary financial
services onallthe
activities listed in
Article 5.1(p) ofthe
Annex onFinancial
Services, incl.credit
reference and
analysis, investment
andportfolio
research andadvice,
advice on
acquisitions andon
corporate
restructuring and
strategy
(CPC 8131*, 8133*)CANADA (continued)
Modes ofsupply: (1)Cross-border supply (2)Consumption abroad (3)Commercial presence (4)Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
(l)Provision and
transfer offinancial
information, and
financial data
processing and
related software by
providers ofother
financial services
(CPC 8131*, 842*,
843*, 844*)
GATS/SC/16/Suppl.1
Page21