Regulation 2 Interpretation

In these Regulations, unless the context requires otherwise—

• “approved operation” means an operation which the Minister has approved in writing for the receipt of financial assistance, and “approve” and “approval” shall be construed accordingly;

• “authorised person” means a person authorised by the Minister for the purpose of these Regulations, and includes any duly appointed official of the Commission who accompanies such an authorised person;

• “beneficiary” means a person who has applied for and has been granted approval for an operation;

• “the Commission” means the Commission of the European Communities;

• “Community assistance” means assistance from the Guidance Section of the European Agricultural Guidance and Guarantee Fund, granted pursuant to the Community legislation;

• “the Community legislation” means the instruments listed in the Schedule;

• “the Council Regulation” means the Council Regulation (EEC) No. 4253/88 of 19th December 1988^f1, laying down provisions for implementing Regulation (EEC) No. 2052/88 as regards coordination of the activities of the different Structural Funds between themselves and with the operation of the European Investment Bank and the other existing financial instruments, as amended by Council Regulation (EEC) No. 2082/93 of 20th July 1993^f2;

• “financial assistance” means an amount paid or payable under these Regulations;

• “LIBOR”, in relation to any particular day of any month, means the rate of interest per centum per annum notified to the Minister by the Bank of England on the first working day of that month, rounded if necessary to two decimal places;

• “the Minister” means the Minister of Agriculture, Fisheries and Food;

• “sub-programme” means a sub-programme set out in a Single Programming Document approved by one of the Commission Decisions appearing in the Schedule.

In these Regulations—