the obligations imposed on the Authorities in the said MOU HEREBY AGREE as follows: ARTICLE 1 DEFINITIONS 1. In this Annex, terms and expressions defined in Article 1 of the Treaty shall bear the same meaning unless the context otherwise requires. 2. In this Annex, unless the context otherwise requires: "Authority" means any organ or entity responsible for the regulation and supervision of nonbanking financial institutions in their respective jurisdictions within SADC or any designated representative of such authority; "CISNA" means the Committee of Insurance, Securities and Non-banking Financial Authorities of SADC and the Authorities; "CISNA Strategic Plan" means the CISNA Strategic Plan set out in Addendum A to this Annex; "non- banking financial institutions" means any provider of financial advisory and intermediary services, collective investment schemes, insurance institutions and retirement funds regulated or supervised by their respective Authorities; financial products and services" means long-term and short-term insurance contracts or policies, benefits provided by retirement funds, financial advisory and intermediary services, shares, debentures, bonds and other forms of securitised debt, futures and derivative products including commodity derivatives, participatory interests in collective investment schemes, and other securities traded in the respective jurisdictions of the Authorities; "financial services industry" means the supply of financial products and services by financial institutions throughout the Region; "jurisdiction" means the country, state or any other territory, as the case may be, in which an Authority can exercise its powers; 101 ---- --- --------------------------------