Paragraph 1 Interpretation of Schedule 5

In this Schedule—

• “DMO applicant” means a person who makes a DMO appointment application;

• “DMO appointment application” means an application to be appointed as the deposit management organisation;

• “not-for-profit body corporate” means a body corporate which uses money earned by, or donated to, that body corporate solely to pursue its objectives and which does not distribute income to its members, directors, or officers except for reasonable remuneration for goods or services supplied to that body;

• “notice” means a notice in writing;

• “specified” means specified in a notice given by the Secretary of State.