For the purposes of this Regulation, the following definitions shall apply:

(a) "time-scheduled buy-back programme" means a buy-back programme where the dates and volume of shares to be traded during the time period of the programme are set out at the time of the public disclosure of the buy-back programme;

(b) "adequate public disclosure" means making information public in a manner which enables fast access and complete, correct and timely assessment of the information by the public in accordance with Commission Implementing Regulation (EU) 2016/1055 [Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council (see page 47 of this Official Journal).] and, where applicable, in a mechanism referred to in section 89W of the Financial Services and Markets Act 2000;

(c) "offeror" means the prior holder of, or the entity issuing, the securities;

(d) "allotment" means the process or processes by which the number of securities to be received by investors who have previously subscribed or applied for them is determined;