# The Income Tax (Dividend Manufacturing) Regulations 1992, Regulation 2: Interpretation


In these Regulations unless the context otherwise requires—
“the Board of directors” means the Board of directors of LIFFE (A &M);
“the Deltapluslong limit” and“the Deltaplusshort limit” have the meanings given by regulation 9(1) and 9(2) respectively;
“designated account” means an account designated for a member by the Board of directors in connection with options to buy or sell quoted United Kingdom equities;
“LIFFE” means The London International Financial Futures and Options Exchange;
“LIFFE (A &M)” means The London International Financial Futures Exchange (Administration and Management);
“the London Stock Exchange” means The International Stock Exchange of Great Britain and the Republic of Ireland Limited;
“the Management Act” means the Taxes Management Act 1970(;
“the Maxlong limit” and“the Maxshort limit” have the meanings given by regulation 8(1) and 8(2) respectively;
“member” means a member of LIFFE (A &M) who is recognised as such by the Board of directors;
“option” means an option to buy or sell United Kingdom equities which is listed by and traded on LIFFE;
“options market maker” means a member who buys and sells, on his own account, options to buy or sell quoted United Kingdom equities and who, at the times specified in regulation 7(2)(b), (d) and (e) below, was recognised by the Board of directors as a market maker in relation to options in respect of quoted United Kingdom equities of a particular kind and was acting in the capacity of a market maker in relation to those options;
“quoted United Kingdom equities” means shares of any company resident in the United Kingdom which have been admitted to the Official List of the London Stock Exchange or which are permitted to be dealt in on the Unlisted Securities Market of the London Stock Exchange;
“relevant expiry month” means a calendar month during which an option to buy or sell quoted United Kingdom equities of a particular kind will expire, unless previously exercised;
“Schedule 23A” means Schedule 23A to the Taxes Act;
“section 737” means section 737 of the Taxes Act;
“the Taxes Act” means the Income and Corporation Taxes Act 1988;
“United Kingdom equities” means shares of any company resident in the United Kingdom.

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Source: https://www.legislation.gov.uk/uksi/1992/569/regulation/2 (the official version)
Page: https://openlegislation.uk/income-tax-dividend-manufacturing-regulations-1992/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.