Section 70(7)

In this regulation— “designated person” has the same meaning as it has in Chapter 1 of Part 3 (Finance); “frozen account” has the same meaning as it has in regulation 58; “involved person” means a person who is involved in— the supply or delivery of oil and oil products; or the provision of financial services or funds or brokering services relating to the supply or delivery of oil and oil products; “oil and oil products” has the meaning given in regulation 21(1) (interpretation of Part 5); “prohibited person” means a person to whom financial services must not be provided by virtue of regulation 18A(1); “relevant firm” is to be read in accordance with regulation 71; “relevant institution” has the same meaning as it has in regulation 58.

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