In this Part—

• “application” means an application made under section 75;

• “issuer”, in relation to anything which is or may be admitted to the official list, has such meaning as may be prescribed by the Treasury;

• “listing” has the meaning given in section 74(5);

• “listing particulars” has the meaning given in section 79(2);

• “listing rules” has the meaning given in section 74(4);

• “new securities” has the meaning given in section 84(2);

• “the official list” means the list maintained as the official list by the Authority immediately before the coming into force of section 74, as that list has effect for the time being;

• “security” (except in section 74(2)) has the meaning given in section 74(5).

In relation to any function conferred on the competent authority by this Part, any reference in this Part to the competent authority is to be read as a reference to the person by whom that function is for the time being exercisable.

If, as a result of an order under Schedule 8, different functions conferred on the competent authority by this Part are exercisable by different persons, the powers conferred by section 91 are exercisable by such person as may be determined in accordance with the provisions of the order.

“Offer” and “offeror” are to be read accordingly.

For the purposes of this Part, the question whether a person offers securities to the public in the United Kingdom is to be determined in accordance with Schedule 11.

For the purposes of subsection (4) “sale” includes any disposal for valuable consideration.