In these Regulations—

• “the Act” means the Financial Services and Markets Act 2000 M1;

• “the EU Benchmarks Regulation 2016” means Regulation EU 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 F2as it forms part of retained EU law;

• “benchmark administrator” means a person who acts as an administrator of a benchmark within the meaning of Article 3 of the EU Benchmarks Regulation 2016;

• “competent authority” means an authority designated under Article 40 of the EU Benchmarks Regulation 2016;

• “the FCA” means the Financial Conduct Authority;

• “non-authorised person” means a person who is not an authorised person;

• “the RAO” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 M2;

• “relevant requirement” means a requirement imposed by or under these Regulations or by or under the EU Benchmarks Regulation 2016; and

• F1“third country” means a country other than the United Kingdom.

In Part 2 of these Regulations—

• “overseas regulator” means an authority in a country or territory outside the United Kingdom which has functions corresponding to those of the FCA under the EU Benchmarks Regulation 2016;

• “own-initiative requirement powers” means the FCA's powers in regulation 6(2); and

• “senior management” has the meaning given in Article 4.1.37 of Directive 2014/65/EU off the European Parliament and of the Council of 16 April 2014 on Markets in Financial Instruments (recast) F3as it had effect immediately before IP completion day.