S.L. 386.25 Art. 2Interpretation. Cap. 386.

In these regulations, unless the context otherwise requires:

"Act" means the Companies Act;

"electronic identification means" means an electronic identification means as defined in point (2) of Article 3 of Regulation

(EU) No 910/2014 of the European Parliament and of the Council;

"electronic identification scheme" means an electronic identification scheme as defined in point (4) of Article 3 of Regulation (EU) No 910/2014 of the European Parliament and of the Council;

"electronic means" means electronic equipment used for the processing, including digital compression, and the storage of data, through which information is initially sent and received at its destination; that information being entirely transmitted, conveyed and received in a manner to be determined by Member States;

"formation" means the whole process of establishing a company in accordance with the Act and any other subsidiary legislation thereto, including the drawing up of the company’s memorandum and articles of association, if any, and all the necessary steps for the entry of the company in the register;

"registration of a branch" means a process leading to disclosure of documents and information relating to a branch newly opened in a Member State;

"template" means a model for the memorandum and articles of association of a company which is drawn up by Member States in compliance with national law and is used for the online formation of (USE OF DIGITAL TOOLS AND PROCESSES)

a company;

"Member States" means a Member State of the European Union and includes an EEA State.