In this Chapter—

• “nominated person” means a relevant person who has been required by the administrator to make out and deliver to the administrator a statement of affairs;

• “relevant person” means a person mentioned in paragraph 47(3) of Schedule B1; and

• “fixed security”, in relation to any property of a company, means any security, other than a floating charge or a charge having the nature of a floating charge, which on the winding up of the company in Scotland would be treated as an effective security over that property, and (without prejudice to that generality) includes a security over that property, being a heritable security within the meaning of section 9(8) of the Conveyancing and Feudal Reform (Scotland) Act 1970 M1.