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Regulation 18 Interpretation of Part III

Original text. Later amendments are not shown.

In this Part—

  • “the applicable conditions” means the conditions laid down or referred to in—

    1. (a)

      point 7 of Chapter I.1(b) of the Annex, in the case of an application to approve a person as an intermediary who may exercise the intermediary activity specified in regulation 12(1)(a) or who may exercise that specified in regulation 12(1)(b); and

    2. (b)

      point 7 of Chapter I.2(b) of the Annex, in the case of an application to approve a person as an intermediary who may exercise the intermediary activity specified in regulation 12(1)(c).

  • “approved intermediary” means a person approved by the competent body as an intermediary who may exercise an intermediary activity;

  • “eligible person” means a person who is entitled to apply to the competent body, in accordance with the provisions of the first paragraph of Article 4.1 of Directive 95/69, or the first paragraph of Article 4.2 thereof, to be approved as an intermediary who may exercise an intermediary activity;

  • “essential conditions” means the essential conditions laid down or referred to in—

    1. (a)

      point 7 of Chapter I.1(b) of the Annex, in the case of the exercise of the intermediary activities specified in regulation 12(1)(a) and (b), and

    2. (b)

      point 7 of Chapter I.2(b) of the Annex, in the case of the exercise of the intermediary activity specified in regulation 12(1)(c);

  • “intermediary activity” means an activity specified in paragraph (a), (b) or (c) of regulation 12(1).