Section 6 Interpretation of Part 1I1

In this Part—

• “account” has the meaning given by section 9;

• F1...

• “balance” has the meaning given by section 8;

• “bank” has the meaning given by section 7;

• “building society” means a building society incorporated (or deemed to be incorporated) under the Building Societies Act 1986 (c. 53);

• “charity” means a body, or the trustees of a trust, established for charitable purposes only;

• “dormant F2(except in the term “dormant assets funds”) ” has the meaning given by section 10;

• “financial year”—

  1. (a)

     in relation to a company (other than a building society) within the meaning of the Companies Act 2006, has the meaning given in section 390(1) to (3) of that Act;

  2. (b)

     in relation to an undertaking that is not a company within the meaning of that Act (and is not a building society), has the meaning given in section 390(4) of that Act;

  3. (c)

     in relation to a building society, has the meaning given in section 117 of the Building Societies Act 1986;

• “group” means a parent undertaking and its subsidiary undertakings;

• “parent undertaking” and “subsidiary undertaking” have the same meaning as in the Companies Act 2006 (see section 1162 of that Act);

• “reclaim fund” has the meaning given by section 5(1).

• F3“transfers”, in relation to the balance of a dormant account, includes bringing about the transfer of the balance.