With a caveat that is mentioned below, “Regulated Industry Person” means a natural or legal person who:
Engages or seeks to engage in all or any aspect of the Finance and Insurance Industry Health Industry, Energy Industry, Manufacturing Industry, Mining and Subsurface Industry, Private Security Industry, or Waste Management Industry within the boundaries of Próspera; or
Engages or seeks to engage in all or any aspect of the Agricultural Industry, Construction Industry, or Food Industry within the boundaries of Próspera and directly or indirectly through affiliates related by majority ownership or control either
employs at least ten (10) employees or contractors; or
has annual gross revenues with a value of at least $1,000,000.00 U.S.
The caveat to the foregoing definition is that the term only applies to legal entities or natural persons who apply or, under the duty of due care imposed on them by the Roatan Common Law Code (or other Prospera ZEDE Rule) should apply independent, professional or expert judgment in an occupational field or service line that is characteristic of the Regulated Industry. The term "Regulated Industry Person" does not apply to natural persons or legal entities that are engaged in ministerial activities at the specific direction of another natural person or legal entity that itself applies such independent, professional or expert judgment.
Any natural person or legal entity who is uncertain as to the applicability of the term "Regulated Industry Person" to them may petition the Technical Secretary and Council of Trustees at ots@prosperazede.hn for the issuance of a clarification by Resolution as to whether such person or entity is properly classified as a Regulated Industry Person; and if such petition is brought in good faith, and prior to such petitioner causing any Injury, such petitioner shall be temporarily exempted from the enhanced liability imposed by the Prospera Industrial Regulation Statute while the petition is pending.