The Financial Markets and Insolvency Regulations 1991

Interpretation of Part V

7.  In this Part of these Regulations, unless the context otherwiserequires—

“the Bank” means the Bank of England;

“business day” has the same meaning as in section 167(3) of the Act;

“CGO” means the Central Gilts Office of the Bank;

“CGO Service” means the computer-based system established by the Bank and TheStock Exchange to facilitate the transfer of specified securities;

“CGO Service charge” means a charge of the kind described in section 173(1)(c) of theAct;

“CGO Service member” means a person who is entitled by contract with the Bank to use theCGO Service;

“former CGO Service member” means a person whose entitlement by contract with the Bank to usethe CGO Service has been terminated or suspended;

“market charge” means a charge which is a market charge for the purposes of PartVII of the Act;

“settlement bank” means a person who has agreed under a contract with the Bank tomake payments of the kind mentioned in section 173(1)(c) of the Act;

“specified securities” has the meaning given in section 173(3) of the Act;

“Talisman” means The Stock Exchange settlement system known as Talisman;

“Talisman charge” means a charge granted in favour of The Stock Exchange overproperty credited to an account within Talisman maintained in the nameof the chargor in respect of certain property beneficially owned by thechargor; and

“transfer” when used in relation to specified securities has the meaning givenin section 173(3) of the Act.