Regulation 2 Interpretation

In these Regulations—

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

• “authorised person” has the meaning given in section 31(2) of the Act;

• “the Authority” means the Financial Services Authority;

• “investment services directive” means Council Directive 93/22/EEC of 10 May 1993 on investment services in the securities field^f2;

• “markets in financial instruments directive” means Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments^f3;

• “Part IV permission” has the meaning given in section 40(4) of the Act;

• “Schedule 3” means Schedule 3 to the Act;