# The Enterprise Act 2002 (Merger Fees and Determination of Turnover) Order 2003, Paragraph 1: Interpretation

Extent: E+W+S+N.I.

In this Schedule:
“aid” means a measure which—
(a)fulfils the conditions set out in Article 1.1 of the Agreement on Subsidies and Countervailing Measures contained in Annex 1A to the WTO Agreement, and
(b)is specific within the meaning of Article 2 of that Agreement, irrespective of whether the recipient deals in goods or services;
“branch” means a place of business in the United Kingdom which forms a legally dependent part of a credit institution or financial institution and which conducts directly all or some of the operations inherent in the business of the undertaking and any number of branches set up in the United Kingdom shall for the purposes of this Order be regarded as a single branch;
“credit institution” means a credit institution for the purposes of Article 4(1)(1) of Regulation (EU) 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012;
“financial institution” means a financial institution for the purposes of Article 4(1)(26) of Regulation (EU) 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012;
“insurance undertaking” means an insurance undertaking carrying on the business of direct insurance of a class set out in Article 2(3) or Annex I of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II);
terms used in this Schedule in respect of the determination of the applicable turnover of credit institutions, financial institutions and insurance undertakings shall (except where the contrary intention appears) have the same meaning as in the relevant Directive.

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Source: https://www.legislation.gov.uk/uksi/2003/1370/schedule/paragraph/1 (the official version)
Page: https://openlegislation.uk/enterprise-act-2002-merger-fees-and-determination-of-turnover-order-2003/schedule/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.