Regulation 2 Interpretation

In these Regulations:—

• “approved tenancy deposit scheme” means a scheme which has been approved by the Department for the purposes of safeguarding deposits paid in connection with private tenancies;

• “designated account” means an account which cannot contain any sums other than:—

  1. (a)

     the whole or any part of tenancy deposits paid into it;

  2. (b)

     such sums of money belonging to the scheme administrator as may be necessary for the purpose of opening the account;

  3. (c)

     such sums of money as may be necessary to replace any sum which by error has been withdrawn from the account; and

  4. (d)

     interest;

• “dispute regulation mechanism” means the mechanism for resolving disputes specified in regulation 30;

• “the Order” means the Private Tenancies (Northern Ireland) Order 2006 (N.I. 10);

• “working day” means a day that is not a Saturday, Sunday or a public holiday.