Small Business, Enterprise and Employment Act 2015

72 Interpretation: other provision

(1) In this Part— “the Adjudicator” means the Pubs Code Adjudicator; “arbitration agreement” has the same meaning as in section 6 of the Arbitration Act 1996; “financial year” means a period of 12 months beginning with 1 April and ending with 31 March; “group undertaking” has the meaning given by section 1161 of the Companies Act 2006; “independent assessor” has the meaning given by section 44; “market rent” and “market rent only option” have the meanings given by section 43; “MRO procedure” has the meaning given by section 44; “MRO-compliant”, in relation to a tenancy or licence, has the meaning given by section 43; “parallel rent assessment” has such meaning as may be prescribed in regulations made by the Secretary of State; “product or service tie” means a product tie or a service tie; “product tie” means any contractual obligation, other than a stocking requirement, of a tied pub tenant that a product to be sold at the tied pub must be supplied by— the landlord of the tied pub or a person who is a group undertaking in relation to the landlord, or a person nominated by the landlord or by a person who is group undertaking in relation to the landlord; “the Pubs Code” means the regulations under section 42; “service tie” means any contractual obligation of a tied pub tenant to receive a service supplied by— the landlord of the tied pub or a person who is a group undertaking in relation to the landlord, or a person nominated by the landlord or by a person who is a group undertaking in relation to the landlord; “stocking requirement” has the meaning given by section 68. (2) In this Part, references to “rent”, in relation to a licence to occupy, are to be read as references to the fee payable in respect of the licence.