(1) In this section -

 "amount of turnover" and "balance sheet total" have the same meanings as they have in section 275;

 "relevant obligations", in relation to a company, means the company's obligations under -

(a) this Act, where a failure to comply with any such obligation would (were it to occur) be -

(i) a category 1 offence or a category 2 offence; or

(ii) a serious Market Abuse offence or a serious Prospectus offence;

and

(b) tax law;

 "serious Market Abuse offence" means an offence referred to in section 1368;

 "serious Prospectus offence" means an offence referred to in section 1356;

 "tax law" means -

(a) the Customs Acts;

(b) the statutes relating to the duties of excise and to the management of those duties;

(c) the Tax Acts;