Interpretation2.

(1)

In this Order—

“the 2000 Act” means the Financial Services and Markets Act 20004;

“body corporate” includes a Scottish partnership and “a body incorporated under the law of any part of the United Kingdom” is to be interpreted accordingly;

“frozen funds” has the meaning given in article 4(1);

“funds” means financial assets and economic benefits of any kind, including (but not limited to) —

(a)

gold, cash, cheques, claims on money, drafts, money orders and other payment instruments;

(b)

deposits with relevant institutions or other persons, balances on accounts, debts and debt obligations;

(c)

publicly and privately traded securities and debt instruments, including stocks and shares, certificates representing securities, bonds, notes, warrants, debentures and derivative products;

(d)

interest, dividends or other income on or value accruing from or generated by assets;

(e)

credit, rights of set-off, guarantees, performance bonds or other financial commitments;

(f)

letters of credit, bills of lading, bills of sale; and

(g)

documents providing evidence of an interest in funds or financial resources;

“relevant institution” means —

(a)

a person who has permission under Part 4A of the 2000 Act (permission to carry on regulated activities); and

(b)

an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to the 2000 Act (EEA passport rights)5 which has permission under paragraph 15 of that Schedule6 (as a result of qualifying for authorisation under paragraph 12 of that Schedule)7 to accept deposits.

(2)

The definition of “relevant institution” in paragraph (1) must be read with—

(a)

section 228 of the 2000 Act (regulated activities),

(b)

any relevant order under that section9, and

(c)

Schedule 210 to that Act (regulated activities).