Regulation 2 Interpretation

the following expressions have the meanings given in the Saving Gateway Accounts Act 2009 (“the Act”)—

• “approved account provider” (see section 4(1));

• “the Commissioners” (see section 1(2));

• a “death payment” (see section 4(2)(b));

• “eligible person” (see section 3(1) as supplemented by regulations 3 and 4);

• the “first month of the account’s operation” (see section 4(5)), and references to the sixth or any other month of the account’s operation, and cognate expressions, have corresponding meanings;

• “maturity payment” (see section 4(2)(a));

• “maturity period” (see section 4(2)(a));

• “month” (see section 4(5)), except in the expression “the first month of the account’s operation;

• “notice of eligibility” (see section 2);

• the “qualifying balance” of a Saving Gateway account (see section 8(2));

• “the relevant date” (see section 1(3));

• “relevant person” (see section 17(2));

• “Saving Gateway account” (see section 1(1));

• “tax appeal” (see section 24(3));

  1. (b)

     except where the context otherwise requires—

• “accepting deposits”, in regulation 14, has the meaning in section 22 of FISMA 2000, taken with Schedule 2 of that Act and any order made under section 22;

• “account”, except in regulations 8, 10(2)(k), 20(1) and (2) and 21, means a Saving Gateway account;

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

• “credit union” means a society registered as a credit union under the Industrial and Provident Societies Act 1965^f1, or the Credit Unions (Northern Ireland) Order 1985^f2;

• “EEA State” means a State, other than the United Kingdom, which is a Contracting Party to the EEA agreement;

• “electronic communications” includes any communications by an electronic communications network (within the meaning in the Communications Act 2003^f3);

• “electronic signature” has the meaning given by section 7(2) of the Electronic Communications Act 2000^f4;

• “FISMA 2000” means the Financial Services and Markets Act 2000^f5;

• “full name” includes shortened details sufficient to identify the individual;

• “ITA 2007” means the Income Tax Act 2007^f6;

• “ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005^f7;

• “insolvency event” means the procedures listed in the definition of “insolvency event” in regulation 19(15) of the Payment Services Regulations 2009^f8

• “the Management Act” means the Taxes Management Act 1970^f9;

• “notice” means notice in writing; and “notify” shall be construed accordingly;

• “reference number”, except in regulation 5(1), means an eligible person’s reference number as stated on his or her notice of eligibility;

• “tax year” means a period beginning with 6^th April in one year and ending with 5^th April in the next, and “the tax year 2009-10” means the tax year beginning with 6^th April 2009;

• “UK institution” means an institution which is incorporated in, or formed under the law of any part of, the United Kingdom.