In this Part -

"advance application" means an application made under regulation 2(1) submitted during the period that begins with the day on which this Part comes into force and ends immediately before IP completion day;

"EU SFT Regulation" means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 [OJ L 337, 23.12.2015, p. 1–34.];

"the FCA" means the Financial Conduct Authority;

"SFT Regulation" means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 as it forms part of retained EU law;

"trade repository" has the same meaning as in Article 3(1) of the SFT Regulation;

"the Tribunal" means the Upper Tribunall;