(1)In this Part references to “participant”, in relation to arrangements (or a fund), are to a person taking part in the arrangements (or the arrangements constituting the fund), whether by becoming the owner of, or of any part of, the property that is the subject of the arrangements or otherwise.
(2)In this Part references (however expressed) to participation, in relation to arrangements (or a fund), are to be read in accordance with subsection (1).