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Part 6Miscellaneous provisions
Information-gathering power

261Interpretation for this subpart

  1. In this subpart, unless the context otherwise requires,—

    associated has the meaning set out in subsection (2)

      provider means a person who carries on a business of providing a relevant service (whether or not the business is the person’s only business or the person’s principal business)

        relevant person means any of the following:

        1. a provider:
          1. a person that is associated with a provider:
            1. a person who was previously a provider or a person that was associated with a provider

              relevant service means—

              1. a financial service within the meaning of section 5 of the Financial Service Providers (Registration and Dispute Resolution) Act 2008; or
                1. without limiting paragraph (a), a service of processing payments on behalf of other persons, including—
                  1. administering interchange services or electronic payment systems; or
                    1. providing or making available hardware, software, or other technology to support interchange services or electronic payment systems; or
                    2. a service of transporting, storing, or distributing bank notes or coins

                      voting product has the same meaning as in section 6(1) of the Financial Markets Conduct Act 2013.

                      1. In this subpart, unless the context otherwise requires, a person (A) is associated with another person (B) if—

                      2. B is A's holding entity or subsidiary; or
                        1. more than half of the voting products of A, other than voting products that carry no right to participate beyond a specified amount in a distribution of either profits or capital, are held by B and persons that are associated with B (whether directly or indirectly, but other than in a fiduciary capacity); or
                          1. more than half of the voting products of each of A and B, other than voting products that carry no right to participate beyond a specified amount in a distribution of either profits or capital, are held by members of the other (whether directly or indirectly, but other than in a fiduciary capacity); or
                            1. the businesses of A and B have been so carried on that the separate business of each person, or a substantial part of it, is not readily identifiable; or
                              1. there is another person with which both A and B are associated.

                                1. In subsection (2), a person is another person’s holding entity if, and only if, that other person is its subsidiary.