s 87 Interpretation of this Part
87.—(1) In this Part —“business trust”, “trustee-manager” and “unitholder” have the meanings given by section 2 of the Business Trusts Act 2004; “corporation” has the meaning given by section 4(1) of the Companies Act 1967; “designated operating entity”, “entity” and “licensed service” have the meanings given by section 86A(1); “designated licensee” means a licensee that has been designated under section 88 as a designated licensee; “effective designation date”, in relation to a designated operating entity, means the date specified under section 86D(3) as the date on which the designation of that entity as a designated operating entity takes effect; “licensee” means the holder of any licence issued by the Authority under any written law; “limited liability partnership” has the meaning given by section 2(1) of the Limited Liability Partnerships Act 2005; “relevant entity” means a designated licensee or a designated operating entity; “unregistered company” has the meaning given by section 245(1) of the Insolvency, Restructuring and Dissolution Act 2018. (2) In this Part —(a) a reference to the affairs, business, undertaking, operations or activities of a relevant entity that is a business trust is to the affairs, business, undertaking, operations or activities carried on by the trustee-manager of the business trust on behalf of the business trust; and (b) a reference to the obligations of a relevant entity that is a business trust is to the obligations undertaken by the trustee-manager of the business trust on behalf of the business trust.[Act 20 of 2024 wef 01/04/2025]