Section 60ZZB(7)

In this regulation— “FSMA” means the Financial Services and Markets Act 2000; “the 1999 Regulations” means the Financial Markets and Insolvency (Settlement Finality) Regulations 1999; “authorised unit trust scheme” has the meaning given in section 237 of FSMA (other definitions); “clearing member” has the meaning given in section 190(1) of the Companies Act 1989 (minor definitions); “community amateur sports club” has the meaning given in section 658 of the Corporation Tax Act 2010 (meaning of “community amateur sports club” and “registered club”); “default arrangements” has the meaning given in regulation 2(1) of the 1999 Regulations (interpretation); “default rules” has the meaning given in section 188 of the Companies Act 1989 (meaning of “default rules” and related expressions); “designated person” has the meaning given in regulation 18C(7); “designated system” has the meaning given in regulation 2(1) of the 1999 Regulations; “the operator” has the meaning given in section 237 of FSMA; “participant” has the meaning given in regulation 2(1) of the 1999 Regulations; “person connected with Russia” is to be construed in accordance with regulation 19A(2); “recognised body” has the meaning given in section 313 of FSMA (interpretation of Part XVIII); “recognised central counterparty” has the meaning given in section 313 of FSMA; “register of securities” has the meaning given in regulation 3(1) of the Uncertificated Securities Regulations 2001(interpretation); “segregating entity” means— a clearing member of a recognised central counterparty, a participant in a designated system, a designated system, or a recognised body; “trustee” has the meaning given in section 237 of FSMA; “trust services” has the meaning given in regulation 18C(7); “unauthorised unit trust scheme” means a “unit trust scheme” within section 237(1) of FSMA that is not an authorised unit trust scheme.

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Source: legislation.gov.uk · retrieved 2026-08-30