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CHAPTER IV |
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Interpretation |
| Interpretation of Part XVII. |
288. - (1) In this Part-
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"application" means an application for a recognition order made under section 262 or 263; |
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"applicant" means a body corporate or unincorporated association which has applied for a recognition order; |
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"Director" means the Director General of Fair Trading; |
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"overseas applicant" means a body corporate or association which has neither its head office nor its registered office in the United Kingdom and which has applied for a recognition order; |
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"overseas investment exchange" means a body corporate or association which has neither its head office nor its registered office in the United Kingdom and which is declared by an order of the Authority for the time being in force to be a recognised investment exchange; |
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"overseas clearing house" means a body corporate or association which has neither its head office nor its registered office in the United Kingdom and which is declared by an order of the Authority for the time being in force to be a recognised clearing house; |
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"recognised body" means a recognised investment exchange or a recognised clearing house; |
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"recognised clearing house" has the meaning given in section 260; |
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"recognised investment exchange" has the meaning given in section 260; |
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"recognised nominee" means a person named as the recognised nominee of a recognised body in the recognition order relating to it. |
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"recognition order" means an order made under section 265 or 267; |
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"recognition requirements" has the meaning given by section 261; |
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"remedial direction" has the meaning given in section 279(3); |
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"revocation order" has the meaning given in section 273. |
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(2) References in this Part to rules of an investment exchange (or a clearing house) are to rules made, or conditions imposed, by the investment exchange (or the clearing house) with respect to-
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(a) recognition requirements; |
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(b) admission of persons to, or their exclusion from the use of, its facilities; or |
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(c) matters relating to its constitution. |
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(3) References in this Part to guidance issued by an investment exchange are references to guidance issued, or any recommendation made, in writing or other legible form and intended to have continuing effect, by the investment exchange to-
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(a) all or any class of its members or users, or |
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(b) persons seeking to become members of the investment exchange or to use its facilities, |
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with respect to any of the matters mentioned in subsection (2)(a) to (c).
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(4) References in this Part to guidance issued by a clearing house are to guidance issued, or any recommendation made, in writing or other legible form and intended to have continuing effect, by the clearing house to-
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(a) all or any class of its members, or |
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(b) persons using or seeking to use its services, |
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with respect to the provision by it or its members of clearing services.
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