2. In this Regulation:
“applicant” means a person, organization or educational institution that submits an application for recognition of a training activity in accordance with this Regulation;
“authorization to practise” means a valid certificate in insurance of persons, certificate in group insurance of persons, registration as a mutual fund dealer representative or registration as a scholarship plan dealer representative;
“PDU” means a professional development unit consisting of one hour of training activity recognized by the Chamber pursuant to this Regulation;
“reference period” means any 24-month period beginning on 1 December of an odd-numbered year;
“trainer” means a natural person who acts as an instructor or facilitator and who provides a training activity.