Part I INTERPRETATION

For the purposes of this Schedule—

• “authority” means a licence or equivalent authorisation which may only be granted if the applicant fulfils criteria specified in legislation or by a supervisory or judicial authority or by a self-regulating organisation or professional body to carry on any business activity;

• “court” means any court wheresoever in the world;

• “group of companies” means a holding company and subsidiary within the meaning of section 736 of the Companies Act 1985^f1;

• “position holder” includes a proposed position holder.