“2 In these Regulations, unless the context otherwise requires–
“the Act” means the Banking Act 1987;
“commercial paper” means a 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;
“company” means a body corporate, including a body corporate constituted under the law of a country or territory outside the United Kingdom;
“the corresponding Northern Ireland legislation” means, in relation to any of the provisions of the Companies Act 1985specified in these Regulations, the corresponding provisions of the Companies (North ern Ireland) Order 1986;
“the Council” means the Council of The Stock Exchange;
“debt security” includes bonds, notes, debentures and debenture stock;
“deposit”, except in the expressions “pre-contract deposit” and “deposit fund”, shall be construed in accordance with section 5 of the Act;
“exempt transactions” shall be construed in accordance with regulation 2 of these Regulations;
“financial year” has the meaning ascribed to it by section 742 of the Companies Act 1985;
“industrial and provident society” means a society registered or deemed to be registered under the Industrial and Provident Societies Act 1965or under the Industrial and Provident Societies Act (Northern Ireland) 1969but does not include a credit union within the meaning of the Credit Unions Act 1979or the Credit Unions (Northern Ireland) Order 1985;
“the listing rules” means any rules made pursuant to section 142(6) of the Financial Services Act;
“medium term note” means a debt security which may not be redeemed in whole or in part until after one year beginning with the date of issue but which must be redeemed within five years beginning with the date of issue;
“net assets” has the meaning ascribed to it by section 264(2) of the Companies Act 1985;
“the Official List” means the Official List of The Stock Exchange;
“Recognised Overseas Exchange” means an exchange, market place or association for the time being included in the list published by the Council for the purposes of rule 535.4 of the Rules of The Stock Exchange (permitted dealings in foreign securities) or any rule of The Stock Exchange having substantially the same effect;
“redemption value”, in relation to any debt security, means the amount of the principal which is payable upon redemption of that security;
“relevant debt security” means a debt security which is commercial paper or a medium term note;
“The Stock Exchange” means The International Stock Exchange of the United Kingdom and Republic of Ireland Limited;
“subsidiary” and “wholly-owned subsidiary” shall be construed in accordance with section 736 of the Companies Act 1985;
“successor”, in relation to a body, means any company in which property, rights and liabilities of the body shall have become vested by virtue of an Act;
“the Unlisted Securities Market” means the Unlisted Securities Market of The Stock Exchange.”;