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3. In regulation 2(2)—
(a)for the definition of “approved person”, substitute—
““approved person” means the person for the time being approved under regulation 34 for the purpose of—
issuing certificates of compliance under regulation 21 and signing the form referred to in regulation 7(4)(c) or (ca) or 19(2)(b) in relation to a particular producer; or
signing the form referred to in regulation 14(3)(c) and the statement referred to in regulation 22(4) in relation to a particular operator of a scheme;”;
(b)for the definition of “financial year”, substitute—
““financial year” in relation to a person—
where the person is a company is determined as provided in section 390(1) to (3) of the Companies Act 2006(1); and
in any other case has the meaning given in section 390(4) of the Companies Act 2006, but as if the reference there to an undertaking were a reference to that person;”;
(c)after the definition of “financial year”, insert—
““marine installation” means any artificial island, installation or structure at sea, other than a vessel;”;
(d)for the definition of “SIC code”, substitute—
““SIC code” means a code included in “Indexes to the UK Standard Industrial Classification of Economic Activities 2007” published by the Office for National Statistics in 2009(2);”;
(e)in the definition of “small producer”—
(i)omit “who satisfies the threshold tests in paragraph 3 of Schedule 1 but”; and
(ii)for “section 242 of the Companies Act 1985”, substitute “section 441 of the Companies Act 2006(3)”; and
(f)for the definition of “turnover”, substitute—
““turnover” means, in relation to a person, their turnover as defined in section 539 of the Companies Act 2006 but as if the references to a company were references to that person;”.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
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