s 324 Interpretation of this Part.
(1) In this Part— “ arranging deals ”, in relation to the investments to which this Part applies, has the same meaning as in paragraph 3 of Schedule 2; “ former underwriting member ” means a person ceasing to be an underwriting member of the Society on, or at any time after, 24 December 1996; and “ participation in Lloyd’s syndicates ”, in relation to the secondary market activity, means the investment described in sub-paragraph (1) of paragraph 21 of Schedule 2. (2) A term used in this Part which is defined in Lloyd’s Act 1982 has the same meaning as in that Act.