This Part has effect for controlling regulated transactions entered into by permitted participants that either are not registered parties or are minor parties.

The following provisions have effect for the purposes of this Part.

In accordance with sub-paragraph (1), “permitted participant” does not include a permitted participant which is a registered party other than a minor party.

“Regulated transaction” has the meaning given by paragraph 46.

In relation to transactions entered into by a permitted participant other than a designated organisation, the reference in paragraph 48(2) to a permissible donor does not include a registered party.