1. Interpretation

(1) In this Act -

"Act of 2014"  means the Companies Act 2014;

"applicable CREST arrangements" means the rules, practices and procedures, as referred to in the Schedule to the Regulations of 1996, of Euroclear UK & Ireland Limited with respect to CREST;

"central securities depository" has the meaning given to it by the CSD Regulation;

"certificated form", in relation to a share, shall be construed in accordance with section 2(2);

"CREST" means the relevant system operated by Euroclear UK & Ireland Limited, being the person who, under Regulation 28 of the Regulations of 1996, has been granted recognition by the Minister for Business, Enterprise and Innovation to operate that system;

"CSD Regulation" means Regulation 909/2014 of the European Parliament and of the Council of 23 July 2014 [OJ No. L 257, 28.08.2014, p.1] on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulatio

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