Regulation definitions

Unless stated otherwise, in these regulations the following words and phrases mean:

AAT The Association of Accounting Technicians
Articles AAT’s Articles of Association 2011
Business stationery Letterheads, business cards, websites, advertisements, email signatures or similar electronic documentation
Bankruptcy Bankruptcy within the meaning of the Insolvency Act 1986
CPD Continuing professional development as referenced in the guidance
Council The Council responsible for the overall management of the affairs of AAT
Disciplinary Committee
The Committee of that name established by Council under Article 19 of the Articles and appointed under paragraph 4(b) of the Disciplinary Regulations 201
Disciplinary Tribunal
A Tribunal appointed under paragraph 47 of the Disciplinary Regulations 2010
Family Parents, spouse, siblings, half-siblings and offspring
Fee(s) The fee or fees set from time to time by Council for any purpose under these regulations
Fellow member A fellow member of AAT as defined by AAT’s Articles
Gross fee Income as defined in schedule 3 to these Regulations 5
Guidelines The accompanying guidelines for members in practice
Household Includes anyone residing at the same address as the member as part of a family unit including cohabitation
Insolvent Insolvent within the meaning of the Insolvency Act 1986
Investigations Committee The Committee of that name appointed under paragraph 4a of the Disciplinary Regulations 2010
Investigations team The team of that name appointed under paragraph 21 of the Disciplinary Regulations
Licensed member A full or fellow member of AAT who holds a practising licence within the meaning of these regulations
Member A full or fellow member of AAT
Money laundering supervision fee A fee set by AAT payable by sole traders and firms supervised by AAT for the purposes of the Money Laundering Regulations in force at the relevant time
Place of business Any place where the member carries out their practice or keeps practice records
Practising licence A licence issued under regulation 6 of these regulations
Registered member A full or fellow member of AAT who is registered under regulation 4 of these regulations
Regulation and Compliance Board The Board of that name established by Council under Article 51 (1) of the Articles
Review A review of practice procedures and records and/or anti money laundering procedures and records and/or client files by way of telephone interview or practice visit by an appointed AAT representative
Services Services are accounting, taxation and related consultancy services as defined in schedule 1 to these regulations, provided to the general public or to a business but not in an employed capacity
United Kingdom Great Britain and Northern Ireland
Voluntary work Work done for another without remuneration except for reimbursement of reasonable expenses

Unless the context otherwise requires, all singular expressions include the plural and vice versa.

How AAT helps members comply with the anti-money laundering regulations
Read the member in practice regulations and guidelines
Download a diagram to assess your eligibility for a practicing licence or registration (PDF)