Interpretation
2.—(1) In these Regulations—
“the 2000 Act” means the Financial Services and Markets Act 2000(1);
“body corporate” includes a Scottish partnership;
“designated enterprise” has the meaning given by regulation 11;
“designated person” has the meaning given by regulation 3;
“document” includes information recorded in any form and, in relation to information recorded otherwise than in legible form, references to its production include references to producing a copy of the information in legible form;
“the EC Regulation” means Council Regulation (EC) No. 194/2008 of 25th February 2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar and repealing Regulation (EC) No. 817/2006 as amended from time to time;
“economic resources” means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds but may be used to obtain funds, goods or services;
“funds” means financial assets and benefits of every kind, including but not limited to—
cash, cheques, claims on money, drafts, money orders and other payment instruments;
deposits with financial institutions or other entities, balances on accounts, debts and debt obligations;
publicly and privately traded securities and debt instruments, including stocks and shares, certificates representing securities, bonds, notes, warrants, debentures and derivatives contracts;
interest, dividends or other income on or value accruing from or generated by assets;
credit, rights of set-off, guarantees, performance bonds or other financial commitments;
letters of credit, bills of lading, bills of sale;
documents providing evidence of an interest in funds or financial resources;
“officer”, in relation to a body corporate, means—
in relation to a Scottish partnership, a partner; and
in relation to any other body corporate, a director, manager, secretary or other similar officer of the body corporate or any person who has purported to act in any such capacity;
“relevant institution” means—
a person who has permission under Part 4 of the 2000 Act (permission to carry on regulated activities); and
(2) The definition of “relevant institution” in paragraph (1) must be read with—
(a)section 22 of the 2000 Act (the classes of activity and categories of investment);
(b)any relevant order under that section(4); and
(c)Schedule 2 to that Act (regulated activities).
As amended by S.I. 2006/3221.
As amended by S.I. 2003/2066 and S.I. 2007/3253.
See the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, S.I. 2001/544 as amended, most recently by the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2007, S.I. 2007/3510.