(1) In this Chapter and in any regulations made under this Chapter, except where the context otherwise requires -
"arrangements" has the meaning assigned to it by section 898P;
"beneficial owner" has the meaning assigned to it by section 898C(1);
"building society" and "credit union" have the same meanings, respectively, as in section 256;
"certificate of residence for tax purposes" in relation to a third country, means a certificate given by the competent authority of that country certifying that an individual is by virtue of the law of that country resident for the purposes of tax in that country, and references to a tax residence certificate shall be construed accordingly;
"competent authority" means - (a) in relation to a Member State, the authority notified to the European Commission by the Member State for the purposes of the Directive, and (b) in relation to a third country, the competent authority for the purposes of bilateral or multilateral tax conventions or, in the
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