Article 2 InterpretationI1

In these Rules—

• “the Act” means the Financial Services and Markets Act 2000^f1;

• F1“the Authority” means—

  1. (a)

     in a case where the individual is a PRA-authorised person or is carrying on a PRA-regulated activity in contravention of section 19 of the Financial Services and Markets Act 2000, the Financial Conduct Authority or the Prudential Regulation Authority;

  2. (b)

     in any other case, the Financial Conduct 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 1991 Rules” means the Insolvency Rules (Northern Ireland) 1991^f2.