# The Recognised Auction Platforms Regulations 2011, Regulation 12: Interpretation


In this Part—
“bidders” means persons who have been admitted to bid at auctions conducted by the recognised auction platform;
“investor” means any person making a bid at an auction conducted by a recognised auction platform, and any person on whose behalf such a bid is made.

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Source: https://www.legislation.gov.uk/uksi/2011/2699/regulation/12 (the official version)
Page: https://openlegislation.uk/recognised-auction-platforms-regulations-2011/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.