Regulation 2 InterpretationI1

In these Regulations—

• “the Act” means the Financial Services and Markets Act 2000;

• “government” means—

  1. (a)

     the government of the United Kingdom;

  2. (b)

     the Scottish Administration;

  3. (c)

     the Executive Committee of the Northern Ireland Assembly;

  4. (d)

     the National Assembly for Wales; or

  5. (e)

     the government of any country or territory outside the United Kingdom;

• “international organisation” means any international organisation the members of which include the United Kingdom or any other state;

• “local authority”, in relation to the United Kingdom, means—

  1. (a)

     in England and Wales, a local authority within the meaning of the Local Government Act 1972^f1, the Greater London Authority, the Common Council of the City of London or the Council of the Isles of Scilly;

  2. (b)

     in Scotland, a local authority within the meaning of the Local Government (Scotland) Act 1973^f2; and

  3. (c)

     in Northern Ireland, a district council within the meaning of the Local Government Act (Northern Ireland) 1972^f3;

• “Part IV financial resources requirement” means a requirement imposed on an authorised person by the Authority under Part IV of the Act to have or maintain financial resources;

• “Part XIII financial resources requirement” means a requirement imposed on an incoming firm (within the meaning of section 193(1) of the Act) by the Authority under Part XIII of the Act to have or maintain financial resources;

• “the Regulated Activities Order” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001^f4.