(1) In this Part -

"adverse assessment" means an assessment in which the assessor has decided that the assessee is committing or has committed a prescribed contravention;

"assessee" means the person the subject of an assessment;

"assessment" means an assessment referred to in Regulation 61;

"assessor" means an assessor appointed under Regulation 61;

"prescribed contravention" means a contravention of - (a) these Regulations, (b) any obligation imposed by the Bank pursuant to a power exercised under these Regulations, or (c) any other provision of transparency (regulated markets) law;