Paragraph 2

For the purposes of this Schedule—

(a)

“issue” in relation to a PRN or PERN means to sell or otherwise supply to a producer or operator of a scheme or to the representative of a scheme or operator of a scheme, and a reprocessor or exporter may issue a PRN or PERN to himself;

(b)

“quarter year” means the first, second, third and fourth three months of the year; and

(c)

“independent auditor” means—

(i)

an auditor who would be eligible for appointment as company auditor of the reprocessor or exporter under Part II of the Companies Act 1989^f1; or

(ii)

an environmental auditor who is—

(aa)

registered with a supervisory body approved by the appropriate Agency; and

(bb)

not ineligible for appointment as a company auditor of the reprocessor or exporter on the ground of lack of independence under section 27 of the Companies Act 1989.

Annotations

Footnotes

f1: 1989 c. 40, to which there are amendments not relevant to these Regulations.