Regulation 2(1) of the Principal Regulations is amended -

(a) in the definition of "SEPA Regulation", by substituting "Regulation (EC) No. 924/20091;" for "Regulation (EC) No. 924/20091."; and

(b) by inserting the following after the definition of "SEPA Regulation":

""trader" means -

(a) a person who is acting for purposes related to the person's trade, business or profession, and

(b) a person acting on behalf of a person referred to in paragraph (a) of this definition.".