1. Where a term is defined in Directive (EU) 2015/849 that definition shall apply for the purposes of this Regulation except where (2) applies.
2. Where a term is defined in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended by the Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2019, that definition shall apply for the purposes of this Regulation.