Rule 2 Interpretation

In these Rules—

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

• “the Authority” means the Financial Services Authority;

• “debt” means the sum referred to in section 372(4)(a) of the Act;

• “demand” means a demand made under section 372(4)(a) of the Act;

• “individual” has the meaning given by section 372(7) of the Act;

• “person” excludes a body of persons corporate or unincorporate;

• “the 1986 Rules” means the Insolvency Rules 1986^f1.