PART 1 The dormant assets scheme

Interpretation of Part 1

18 Interpretation of Part 1

In this Part—

• “communication” includes an oral communication;

• “establishment” has the meaning given by section 1067(6) of the Companies Act 2006;

• “FCA Handbook” means the Handbook made by the FCA under FSMA 2000;

• “FCA rules” means rules under section 137A of FSMA 2000;

• “FSMA 2000” means the Financial Services and Markets Act 2000;

• “Lifetime ISA” has the same meaning as in regulation 4(1ZB) of the Individual Savings Account Regulations 1998 (SI 1998/1870);

• “mutual insurer” means—

  (a)

  a company registered under the Companies Act 2006 that has no share capital,

  (b)

  a friendly society within the meaning of the Friendly Societies Act 1992, or

  (c)

  a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014;

• “RAO 2001” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544);

• “transfers”, in relation to an amount owing to a person, includes bringing about a transfer of the amount;

• “withdrawal charge payable to HMRC” means a charge payable under paragraph 8 of Schedule 1 to the Savings (Government Contributions) Act 2017.