# The Price Indications (Bureaux de Change) Regulations 1992, Regulation 2: Interpretation


In these Regulations—
“bureau de change” has the meaning assigned to it by regulation 3(2) below and references to a person operating a bureau de change shall be construed accordingly;
“buying rate” means the amount of a specified foreign currency which the person giving the exchange rate indication will buy from a consumer for the sum of £1 sterling, subject, if that be the case, to payment of any commission or other charge not taken into account in the calculation of that amount;
“deal” means purchase from or sell to a consumer foreign currency and “dealing” shall be construed accordingly;
“exchange rate”, except in the expression “exchange rate indication”, means a buying rate or a selling rate, as the case may be;
“exchange rate indication” has the meaning assigned to it by regulation 3(3) below;
“foreign exchange” means the currency (other than sterling) of any country and in any form (other than bankers' drafts) and includes European Currency Units; and
“selling rate” means the amount of a specified foreign currency which the person giving the exchange rate indication will sell to a consumer for the sum of £1 sterling, subject, if that be the case, to payment of any commission or other charge not taken into account in the calculation of that amount.

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Source: https://www.legislation.gov.uk/uksi/1992/316/regulation/2 (the official version)
Page: https://openlegislation.uk/price-indications-bureaux-de-change-regulations-1992/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.