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Barclays Group Reorganisation Act 2002

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2Interpretation

(1)In this Act, unless the subject or context otherwise requires—

  • “account” includes any contract or facility between a person and a transferor by virtue of which money or any unit of account is, or may be, deposited or borrowed by any person;

  • “appointed day” means a day appointed under subsection (1)(d) of section 4 (Appointments) of this Act as an appointed day for the purposes of this Act (and different days may be appointed for the purposes of different undertakings);

  • “appointed undertaking” means an undertaking appointed under subsection (1)(a) of section 4 (Appointments) of this Act;

  • “Barclays” means Barclays Bank PLC;

  • “contract” includes any agreement, transaction, arrangement or understanding, whether or not conditional or in writing and whether or not governed by English law;

  • “customer” includes any person having an account or any other relationship or dealing with Barclays or with any subsidiary;

  • “document” means any thing in which information of any description is recorded;

  • “enactment” means any enactment in this Act or in any general or local Act or in any order, rule or regulation made under any Act;

  • “existing” means existing, outstanding or in force immediately before the relevant appointed day;

  • “IFA company” means Barclays Private Bank Limited, Sedgwick Independent Financial Consultants Limited or Woolwich Independent Financial Advisory Services Limited;

  • “liability” includes a duty and an obligation of any description, whether present or future, actual, contingent or prospective;

  • “property” means property and assets of every description (whether present or future, actual, contingent or prospective), and includes property and assets held on trust or in a fiduciary capacity and security, rights, benefits, interests and powers of every description;

  • “seal” includes a common seal and also any official seal which may be kept pursuant to section 39 or 40 of the Companies Act 1985 (c. 6);

  • “security” includes a mortgage or charge (whether legal or equitable), debenture, bill of exchange, promissory note, guarantee, lien, pledge (whether actual or constructive), hypothecation, assignment by way of security, indemnity, right of set-off, undertaking or other means of securing the payment or discharge of a debt or liability or any interest therein (in each case whether present or future, actual, contingent or prospective);

  • “subsidiary” means any of those companies whose name, at the date on which the Bill for this Act was deposited, is listed in the first column of the Schedule to this Act, and whose corresponding registered number in the list of companies held at Companies House is listed in the second column of the said Schedule;

  • “transferee” in respect of an appointed undertaking means the transferee of that undertaking appointed under subsection (1)(c) of section 4 (Appointments) of this Act;

  • “transferor” in respect of an appointed undertaking means the transferor of that undertaking appointed under subsection (1)(b) of section 4 (Appointments) of this Act;

  • “trustee” includes—

    (a)

    a trustee or custodian trustee of any trust, settlement, covenant, contract or will (whether originally so appointed or not, and whether appointed under hand or by deed or by order of any court);

    (b)

    an executor of the will, or administrator of the estate, of a deceased person;

    (c)

    a judicial trustee appointed by order of any court;

    (d)

    an attorney for another person; and

    (e)

    any person acting in a fiduciary capacity;

  • “wholly-owned subsidiary” means a subsidiary which is wholly owned (whether legally or beneficially and whether directly or indirectly) by Barclays; and

  • “will” includes a codicil and any other testamentary writing.

(2)Any reference in this Act to property or liabilities of a transferor is a reference to property or liabilities to which the transferor is entitled or subject (whether beneficially or in any fiduciary capacity)—

(a)wherever they are situated or arise,

(b)whether or not they are capable of being transferred or assigned by the transferor, and

(c)whether the transferor is entitled or subject to them under the law of any part of the United Kingdom or under the law of any country or territory outside the United Kingdom.

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