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Section 192 Meaning of “business relationship”I1I2

United Kingdom

(1)

In sections 188 to 191, “business relationship” means a business, professional or commercial relationship between a person carrying on relevant business and a customer or client which—

(a)

arises out of the business of the person, and

(b)

has, or is expected by the person (at the time when contact is established) to have, an element of duration.

(2)

In subsection (1) “relevant business” means—

(a)

in the case of section 188 (and section 191 as it applies for the purposes of that section), business within section 188(3);

(b)

in the case of section 189 (and section 191 as it applies for the purposes of that section), business within section 189(3).

Annotations

Commencement

I1

S. 192 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)

I2

S. 192 in force at 15.1.2024 in so far as not already in force by S.I. 2023/1206, reg. 3(h)