Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 November 2018 - onwards
  Version 4 of 4    

24. Definitions.

(1) In this Part -

"barrister" means a practising barrister

"beneficial owner" has the meaning assigned to it by sections 26 to 30

"business relationship" in relation to a designated person and a customer of the person, means a business, professional or commercial relationship between the person and the customer that the person expects to be ongoing;

"business risk assessment" has the meaning given to it by section 30A;

"Capital Requirements Regulation" means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 [OJ No. L 176, 27.6.2013, p. 1] on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012;

"collective investment undertaking" means -(a) an undertaking for collective investment in transferable securities authorised in accordance with the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011) or otherwise in