(1) In these Regulations -
"the 2000 Act" means the Financial Services and Markets Act 2000;
"account-holder" means the holder of a deposit account;
"Bank of England base rate" means the rate announced from time to time by the Monetary Policy Committee of the Bank of England as the official dealing rate, being the rate at which the Bank of England is willing to enter into transactions for providing short-term liquidity in the money markets;
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"relevant contract of insurance" means a contract of insurance - (a) which, or any part of which, is one or more of the following kinds - (i) life and annuity, (ii) linked long-term, and (b) which is carried out by an insurer who has permission, as the case may be, under - (i) Part 4A of the 2000 Act, (ii) [deleted] to effect or carry out contracts of insurance of that kind, and (c) is not a with-profits policy and does not include rights in a with-profits fund;
"deposit account" means a deposit account with a depos
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