Regulation 1 Citation, commencement and interpretation

These Regulations may be cited as the Companies (Authorised Minimum) Regulations 2009 and come into force on 1st October 2009.

In these Regulations—

• “the appropriate spot rate of exchange” is to be interpreted in accordance with regulation 4(1);

• “the certified spot rate” has the meaning given in regulation 4(3);

• “published spot rate” has the meaning given in regulation 4(2);

• “reference date” is to be interpreted in accordance with regulation 4(7) and (8);

• “relevant day” is to be interpreted in accordance with regulation 4(5) and (6); and

• “working day” means a day which is not a Saturday or Sunday, Christmas Day, Good Friday or any day that is a bank holiday under the Banking and Financial Dealings Act 1971 M1 in England and Wales.

In these Regulations a reference to any Part or section is, unless otherwise stated, a reference to a Part or section of the Companies Act 2006.