FEES App 2 Annex 3 Glossary of definitions
1The following words or terms used in FEES Appendix 2 appearing in bold (other than headings and titles) have the meanings given to them below.
1Expression |
Definition |
beneficial owner |
has the meaning given in Regulation 3 of the MLR. |
day |
a period of 24 hours beginning at midnight. |
FCA |
Financial Conduct Authority. |
fee year |
1 April to 31 March inclusive. |
firm |
has the meaning given in Regulation 3 of the MLR. |
manager |
has the meaning given in Regulation 3 of the MLR. |
MLR |
the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692). |
month |
(in accordance with the Interpretation Act 1978) a calendar month. |
officer |
has the meaning given in Regulation 3 of the MLR. |
OPBAS Regulations |
the Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017 (SI 2017/1301). |
person |
(in accordance with the Interpretation Act 1978) any person, including a body of persons corporate or unincorporate (that is, a natural person, a legal person and, for example, a partnership). |
professional body supervisor |
a professional body listed in Schedule 1 to the MLR. |
relevant person |
has the meaning given in Regulation 3 of the MLR. |
supervised |
is subject to supervision by a professional body supervisor in its capacity as supervisory authority within the meaning of Regulation 7(1)(b) of the MLR. |