The Banking Act 1987 (Exempt Transactions) Regulations 1988

means the Secretary of State or a designated agency within the meaning of section 114(3) of the Financial Services Act 1986;

means any institution, trust or undertaking, whether corporate or not, which is established solely for charitable purposes, and in the application of this regulation to Scotland “charitable” shall be construed in the same way as in the Income Tax Acts.

means a body corporate, including a body corporate constituted under the law of a country or territory outside the United Kingdom;

means an activity falling within paragraph 12 of Schedule 1 to that Act, construed without reference to Parts III and IV of that Schedule;

includes bonds, notes, debentures and debenture stock;

has the meaning assigned to it by section 1(1) of the Estate Agents Act 1979, and “pre-contract deposit” has the meaning assigned to it by section 12(3) of that Act.

means a society registered or deemed to be registered under the Industrial and Provident Societies Act 1965 or under the Industrial and Provident Societies Act (Northern Ireland) 1969 but does not include a credit union within the meaning of the Credit Unions Act 1979 or the Credit Unions (Northern Ireland) Order 1985;

has the meaning ascribed to it by section 264(2) of the Companies Act 1985;

means a solicitor who is qualified to act as such under section 1 of the Solicitors Act 1974, article 4 of the Solicitors (Northern Ireland) Order 1976 or section 4 of the Solicitors (Scotland) Act 1980, and in Scotland includes a firm of practising solicitors.

has the meaning assigned to it by section 12(3) of that Act.

means a body which is a recognised professional body or a recognised self-regulating organisation within the meaning of section 207(1) of that Act and references to rules made by a recognised organisation include rules (whether or not laid down by the organisation itself) which the organisation has power to enforce;

means an activity falling within paragraph 13, 14 or 16 of Schedule 1 to that Act, construed without reference to Parts III and IV of that Schedule.

means a sterling debt security which may not be redeemed in whole or in part until after seven days beginning with the date of issue but which must be redeemed within one year beginning with the date of issue;

means a debt security in relation to which the principal, interest and subscription moneys are payable solely in sterling;

means any company in which property, rights and liabilities of the British Steel Corporation shall have become vested by virtue of an Act;

means the Banking Act 1987;

means, in relation to any of the provisions of the Companies Act 1985 specified in these Regulations, the corresponding provisions of the Companies (Northern Ireland) Order 1986;

means the Council of The Stock Exchange;

means any rules made pursuant to section 142(6) of the Financial Services Act 1986;

means the Official List of The Stock Exchange;

means The International Stock Exchange of the United Kingdom and Republic of Ireland Limited;

means the Unlisted Securities Market of The Stock Exchange.