Regulation 2 Interpretation

In these Regulations—

• “account”, except in regulations 5(1)(d) and (e) and 6, means a Saving Gateway account;

• “the Act” means the Saving Gateway Accounts Act 2009;

• “the appointed day” means the day appointed under section 31 of the Act, for the purposes of section 8 of the Act;

• “building society bonus” excludes any bonus, distribution of funds or the conferring of rights in relation to shares—

  1. (i)

     in connection with an amalgamation, transfer of engagements or transfer of business of a building society, and

  2. (ii)

     mentioned in section 96 or 100 of the Building Societies Act 1986^f1,

  and “payment under a building society bonus scheme” shall be construed accordingly;

• “interest” in regulation 3, where paid by a building society or credit union, includes a dividend paid by, and in respect of a share account held with, the society or credit union (and “dividend” includes any distribution, whether or not described as a dividend);

• “the principal Regulations” means the Saving Gateway Accounts Regulations 2009^f2;

other expressions defined in the principal Regulations have the same meanings as they have in those definitions.