Interpretation2

1

In these Regulations—

  • “the 2000 Act” means the Financial Services and Markets Act 20005;

  • “the Council Regulation” means Council Regulation (EC) No. 881/2002 of 27 May 2002 imposing certain specific restrictive measures directed against certain persons and entities associated with the Al-Qaida network, and a reference to Annex I to that Regulation is to be construed as a reference to that Annex as amended from time to time;

  • “designated person” means a person, entity, body or group listed in Annex I to the Council Regulation;

  • “document” includes information recorded in any form and, in relation to information recorded otherwise than in legible form, references to its production include producing a copy of the information in legible form;

  • “relevant institution” means—

    1. a

      a person who has permission under Part 4 of the 2000 Act (permission to carry on regulated activities);

    2. b

      an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to the 2000 Act (EEA passport rights)6 which has permission under paragraph 15 of that Schedule7 as a result of qualifying for authorisation under paragraph 12 of that Schedule8 to accept deposits; or

    3. c

      an undertaking which by way of business operates a currency exchange office, transmits money (or any representations of monetary value) by any means or cashes cheques which are made payable to customers.

2

The definition of “relevant institution” in paragraph (1) must be read with—

a

section 22 of the 2000 Act (the classes of activity and categories of investment),

b

any relevant order under that section9, and

c

Schedule 2 to that Act (regulated activities).

3

Any expression used both in these Regulations and in the Council Regulation has the meaning that it bears in the Council Regulation.