# The Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018, Regulation 11: Interpretation

Extent: E+W+S+N.I.

In this Part—
“applicant” means a person who has submitted an application under regulation 12(1);
“clearing” has the meaning given in section 313(1) of the 2000 Act; and “clearing services”, in relation to a central counterparty, is to be read accordingly;
“clearing member” means an undertaking which participates in a central counterparty and which is responsible for discharging the financial obligations arising from that participation;
“client” means an undertaking with a contractual relationship with a clearing member of a central counterparty which enables that undertaking to clear its transactions with that central counterparty;
“competent authority” means a regulatory authority which is responsible for the authorisation and supervision of central counterparties in its territory; and
“third country” means a country other than the United Kingdom.

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Source: https://www.legislation.gov.uk/uksi/2018/1184/regulation/11 (the official version)
Page: https://openlegislation.uk/central-counterparties-amendment-etc-and-transitional-provision-eu-exit-regulations-2018/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.