Paragraph 1 InterpretationF1

In this Schedule—

• “account permission” has the meaning given in paragraph 16(4);

• “Auctioning Regulations” means regulations under section 96 of the Finance Act 2020;

• “authorised representative” means an authorised representative appointed for an account under paragraph 16;

• “operational authorised representative” has the meaning given in paragraph 16(11);

• “serious offence” means—

  1. (a)

     an offence specified, or falling within a description specified, in Schedule 1 to the Serious Crime Act 2007;

  2. (b)

     an offence under the law of a country or territory outside the United Kingdom which, if committed in or as regards any part of the United Kingdom, would be an offence referred to in paragraph (a);

  3. (c)

     conduct which facilitates the commission by another person of an offence referred to in paragraph (a) or (b), whether the conduct takes place in the United Kingdom or elsewhere;

• “working day” means any day other than—

  1. (a)

     Saturday, Sunday, Good Friday or Christmas Day;

  2. (b)

     a bank holiday in any part of the United Kingdom under the Banking and Financial Dealings Act 1971.