Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

Chapter 9

Authorisation of Trust or Company Service Providers

Interpretation (Chapter 9).

84.— In this Chapter—

“ Appeal Tribunal” means an Appeal Tribunal established under section 101 ;

“authorisation” means an authorisation to carry on business as a trust or company service provider granted under this Chapter and, if such an authorisation is renewed or amended under this Chapter, means, unless the context otherwise requires, the authorisation as renewed or amended (as the case may be);

“ principal officer” means—

(a) in relation to a body corporate, any person who is a director, manager, secretary or other similar officer of the body corporate or any person purporting to act in such a capacity, or

(b) in relation to a partnership—

(i) any person who is a partner in, or a manager or other similar officer of, the partnership or any person purporting to act in such a capacity, and

(ii) in a case where a partner of the partnership is a body corporate, any person who is a director, manager, secretary or other similar officer of such a partner or any person purporting to act in such a capacity;

“trust or company service provider” does not include any of the following:

(a) a member of a designated accountancy body;

(b) a barrister or solicitor;

(c) a credit institution or financial institution.