Regulation 2 Interpretation

In these Regulations—

• “the Act” means the Immigration Act 2014;

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

• “approved person” means a person in relation to whom the appropriate regulator (within the meaning of section 59(4) of the 2000 Act) has given its approval under section 59 of that Act^f2;

• “authorised person” has the meaning given in section 31(2) of the 2000 Act^f3;

• “current account authorised person” means an authorised person to whom the prohibition in section 40 of the Act applies;

• “disqualified person” has the meaning given in section 40(3)(b) of the Act;

• “the FCA” means the Financial Conduct Authority;

• “the PRA” means the Prudential Regulation Authority;

• “regulated activity” means an activity which is a regulated activity for the purposes of the 2000 Act in accordance with section 22 of that Act^f4;

• “relevant requirement” means the prohibition imposed by section 40 of the Act, or any prohibition or requirement imposed on persons other than the FCA by or under these Regulations;

• “the Tribunal” has the meaning given in section 417(1) of the 2000 Act^f5.