Regulation 2 Interpretation
(1)
In these Regulations—
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“the Act” (“y Ddeddf”) means the Qualifications Wales Act 2015;
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“awarding body” (“corff dyfarnu”) has the meaning given by section 57 of the Act;
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“business year” (“blwyddyn fusnes”) means a period of more than 6 months in respect of which an awarding body publishes accounts or, if no such accounts have been published for the period, prepares accounts;
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“date of notice” (“dyddiad hysbysu”) means the date on which Qualifications Wales gives notice to an awarding body under section 38(4) of the Act of their intention to impose a monetary penalty on the awarding body;
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“preceding business year” (“blwyddyn fusnes flaenorol”) means the business year immediately preceding the date of notice.