In these Regulations unless the context otherwise requires—

• “approved CGO member” means a CGO member who is approved by the Board to receive interest on gilt-edged securities without deduction of income tax;

• “arrangements” means arrangements under which gilt-edged securities of an eligible person are held;

• “the Board” means the Commissioners of Inland Revenue;

• “business establishment”, in relation to a person having a business establishment in the United Kingdom, means premises which are, or are intended to be, occupied and used with a reasonable degree of permanence;

• “CGO” means the Central Gilts Office of the Bank of England;

• “CGO member” means a person who has been admitted to membership of the CGO by the Bank of England;

• “the Crown Agents” has the meaning given by section 1(2) of the Crown Agents Act 19792;

• “EEA Agreement” means the Agreement on the European Economic Area signed at Oporto on 2nd May 19923 as adjusted by the Protocol signed at Brussels on 17th March 19934;

• “EEA State” means a State, other than the United Kingdom, which is a Contracting Party to the EEA Agreement;

• “eligible person” shall be construed in accordance with subsection (2) of section 51A;

• “intermediary” means any person through whom an instruction is passed to a CGO member or another intermediary in connection with the holding of gilt-edged securities of an eligible person;

• “notice” means notice in writing;

• “recognised intermediary” has the meaning given by regulation 6(2);

• “section 51A” means section 51A of the Taxes Act;

• “STAR account” means an account designated by the CGO for the holding of gilt-edged securities of an eligible person;

• “Taxes Act” means the Income and Corporation Taxes Act 19885.