Interpretation
This section has no associated Executive Note
2.—(1) Schedule 1 (interpretation) contains definitions of expressions used in these Regulations which apply for their interpretation unless the context indicates they have a different meaning.
(2) References to members or membership refer to active members of the Scheme or active membership under the Scheme respectively unless otherwise stated or the context indicates a different meaning.
(3) The definition of “Reference Banks” in Schedule 1 must be read with–
(a)section 22 of the Financial Services and Markets Act 2000(1);
(b)any relevant order under that section; and
(c)Schedule 2 to that Act.
(1)