commencementmeans the beginning of 1 December 2001;
deposithas the meaning given by section 5 of the Banking Act except that it includes any sum which would otherwise be excluded from that meaning by paragraph (a), (b) or (e) of subsection (3) of that section.
proceedingsmeans proceedings before a judicial authority within the meaning of section 4(6) of the Rehabilitation of Offenders Act 1974.
relevant authorised personmeans an authorised person who was, immediately before commencement, authorised under section 3 or 4 of the Insurance Companies Act but was not an EC company (as defined by that Act);
relevant litigationmeans any litigation that arises from or relates to the exercise of the functions listed in the Schedule to that Order by the Authority, whether or not the Authority is or the Treasury are a party.
the 2001 Fees Ordermeans the Insurance (Fees) Order 2001;
the 2BCD Regulationsmeans the Banking Coordination (Second Council Directive) Regulations 1992;
the Actmeans the Financial Services and Markets Act 2000;
the Authorised Persons Ordermeans the Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc.) Order 2001;
the Banking Actmeans the Banking Act 1987;
the Building Societies Actmeans the Building Societies Act 1986;
the existing deficitmeans the cost incurred by the Treasury in exercising functions which were, when they were exercised, relevant functions for the purposes of subsection (6) of section 94A of the Insurance Companies Act, less the amount that the Treasury received before commencement as fees by virtue of orders made under that section and any amount that the Treasury receive (or are to receive) by virtue of article 26(3);
the Financial Services Actmeans the Financial Services Act 1986;
the Friendly Societies Actmeans the Friendly Societies Act 1992;
the Insurance Companies Actmeans the Insurance Companies Act 1982;
the ISD Regulationsmeans the Investment Services Regulations 1995.
the Regulated Activities Ordermeans the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
transferor bodyhas the same meaning as in article 21.
transitional periodmeans the period from 1st July 2002 to 30th June 2004.