Commentary on Sections and Schedules Part 1 – Terrorist Asset-Freezing Interpretation Section 41 – Meaning of “relevant institution”
91.This section defines what is meant for the purposes of Part 1 by “relevant institution”. This is a key term for the provisions in section 19 (reporting obligations of relevant institutions). The definition of relevant institutions includes those authorised under the Financial Services and Markets Act 2000 to carry on a regulated activity (as defined under section 22 of that Act), and Money Exchange bureaux.