Regulation 2 InterpretationI1

In these Regulations—

• “the Act” means the Immigration Act 2014;

• “the 2000 Act” means the Financial Services and Markets Act 2000^f1;

• “approved person” means a person in relation to whom the appropriate regulator (within the meaning of section 59(4) of the 2000 Act) has given its approval under section 59 of that Act^f2;

• “authorised person” has the meaning given in section 31(2) of the 2000 Act^f3;

• F1“current account authorised person” means an authorised person to whom—

  1. (a)

     the prohibition in section 40 of the Act applies, or

  2. (b)

     the requirements in section 40A, 40B or 40G of the Act apply;

• “disqualified person” has the meaning given in section 40(3)(b) of the Act;

• “the FCA” means the Financial Conduct Authority;

• “the PRA” means the Prudential Regulation Authority;

• “regulated activity” means an activity which is a regulated activity for the purposes of the 2000 Act in accordance with section 22 of that Act^f4;

• F2“relevant requirement” means the prohibition imposed by section 40 of the Act, a requirement imposed by section 40A, 40B or 40G of the Act, or any prohibition or requirement imposed on persons other than the FCA by or under these Regulations;

• “the Tribunal” has the meaning given in section 417(1) of the 2000 Act^f5.