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Regulation 6 Interpretation of Part III

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In this part of these Regulations–

  • “qualifying person” means an interest manufacturer who–

    1. (a)

      is a company resident in the United Kingdom,

    2. (b)

      carries on a business which from time to time involves manufactured interest being paid by that company to any person, and

    3. (c)

      is capable, whether by reason of being a market maker in relation to United Kingdom securities or otherwise, of making an approved manufactured payment.