Interpretation2
1
In these Regulations—
“the 2000 Act” means the Financial Services and Markets Act 20005;
“the Council Regulation” means Council Regulation (EU) No. 667/2010 of 26 July 2010 concerning restrictive measures in respect of Eritrea, and a reference to Annex I to that Regulation is to be construed as a reference to that Annex as amended from time to time;
“designated person” means a person, entity or body listed in Annex I to the Council Regulation;
“document” includes information recorded in any form and, in relation to information recorded otherwise than in legible form, references to its production include producing a copy of the information in legible form;
“relevant institution” means—
- a
a person who has permission under Part 4 of the 2000 Act (permission to carry on regulated activities)6;
- b
an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to the 2000 Act (EEA passport rights)7 which has permission under paragraph 15 of that Schedule8 (as a result of qualifying for authorisation under paragraph 12 of that Schedule9) to accept deposits; or
- c
an undertaking which by way of business operates a currency exchange office, transmits money (or any representations of monetary value) by any means or cashes cheques which are made payable to customers.
- a
2
The definition of “relevant institution” in paragraph (1) must be read with—
a
section 22 of the 2000 Act (the classes of activity and categories of investment),
b
any relevant order under that section10, and
c
Schedule 2 to that Act (regulated activities).
3
Any expression used both in these Regulations and in the Council Regulation has the meaning that it bears in the Council Regulation.