Regulation 40 Interpretation of Part IIII1

In this Part—

• “compliance purposes” means the purposes of implementing Article 15 of European Parliament and Council Directive 2003/54/EC concerning common rules for the internal market in electricity and repealing Directive 96/92;

• “existing supply licence” shall be construed in accordance with regulation 12(1);

• “nominated associate” and “nominating licensee” shall be construed in accordance with regulation 13;

• “property arrangements scheme” has the meaning given by regulation 14(2);

• “third party”, in relation to a property arrangements scheme, means a person other than the nominating licensee or any nominated associate.

For the purposes of this Part, a provision of a property arrangements scheme adversely affects a third party if—