23.—(1) In this Part—
“advance application” means an application submitted during the period—
beginning with the day on which this Part comes into force, and
ending immediately before exit day;
“the European Markets Infrastructure Regulation” means Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4th July 2012 on OTC derivatives, central counterparties and trade repositories, as amended from time to time (unless the contrary intention appears);
“the FCA” means the Financial Conduct Authority;
“trade repository” has the same meaning as in Article 2(2) of the European Markets Infrastructure Regulation;
“working day” means a day other than—
a Saturday or a Sunday,
Christmas Day or Good Friday, or
a day which is a bank holiday under the Banking and Financial Dealings Act 1971(1) in any part of the United Kingdom.
(2) Reference to a group of undertakings is to be construed in accordance with Article 2(16) of the European Markets Infrastructure Regulation, as that Regulation has effect immediately before exit day.
1971 c. 80; amended by section 1 of the St Andrew’s Day Bank Holiday (Scotland) Act 2007 (asp 2).