Paragraph 2

Unless the context otherwise requires, in this Schedule and in Schedules 3, 4 and 5—

(a)

a reference to an authorised contract is a reference to an authorised contract entered into by the operator;

(b)

a reference to the depositary is a reference to the depositary of a relevant scheme—

(i)

in relation to which a petition has been presented under regulation 17(9); or

(ii)

which is being wound up by the court following the presentation of such a petition;

(c)

a reference to the operator is a reference to the operator of such a scheme; and

(d)

a reference to the participants is a reference to the participants in such a scheme.

Notes on the whole SI

F1: Regulations revoked (14.12.2023 for the revocation of reg. 25) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(iv)