Regulation 2 Interpretation

In these Regulations—

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

• “body corporate” includes a Scottish partnership;

• “the Council Regulation” means Council Regulation (EC) No. 881/2002 and references to Annex I of that Regulation are to be construed as references to that Annex as amended from time to time;

• “designated person” means a natural or legal person, group or entity listed in Annex I to the Council Regulation;

• “document” includes information recorded in any form and, in relation to information recorded otherwise than in legible form, references to its production include references to producing a copy of the information in legible form;

• “relevant institution” means—

  1. (a)

     a person who has permission under Part 4 of the 2000 Act (permission to carry on regulated activities);

  2. (b)

     an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to the 2000 Act (EEA passport rights)^f2 which has permission under paragraph 15 of that Schedule^f3 as a result of qualifying for authorisation under paragraph 12 of that Schedule^f4 to accept deposits; and

  3. (c)

     an undertaking which by way of business operates a currency exchange office, transmits money (or any representations of monetary value) by any means or cashes cheques which are made payable to customers.

The definition of “relevant institution” in paragraph (1) must be read with—

Any expression used both in these Regulations and in the Council Regulation has the meaning that it bears in the Council Regulation.