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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 September 2023 - onwards
  Version 11 of 11    

Regulation 3 General interpretation

(1) In these Regulations -

"Annex 1 financial institution" has the meaning given by regulation 55(2);

"appropriate body" means any body which regulates or is representative of any trade, profession, business or employment carried on by a relevant person;

"art market participant" has the meaning given by regulation 14(1)(d);

"auction platform" has the meaning given by regulation 14(1)(c);

"auditor" (except in regulation 31(4)) has the meaning given by regulation 11(a);

"authorised person" means a person who is authorised for the purposes of FSMA;

"the FCA" means the Financial Conduct Authority;

"beneficial owner" -

(a) in the case of a body corporate or partnership, has the meaning given by regulation 5; (b) in the case of a trust or similar arrangement, or the estate of a deceased person in the course of administration, has the meaning given by regulation 6; (c) in any other case, has the meaning given by regulation 6(9);

"body corporate" -

(a) includes - (i) a body corporate

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