Paragraph 10R F1

United Kingdom

(1)

“Bank” means an authorised deposit-taker, other than a building society, that has its head office or a branch in the United Kingdom.

(2)

In sub-paragraph (1), “authorised deposit-taker” means—

(a)

a person who has permission under Part 4A of the Financial Services and Markets Act 2000 to accept deposits;

(b)

a person who—

(i)

is specified, or is within a class of persons specified, by an order under section 38 of that Act (exemption orders), and

(ii)

accepts deposits;

F2(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)

A reference in sub-paragraph (2) to a person or firm with permission to accept deposits does not include a person or firm with permission to do so only for the purposes of, or in the course of, an activity other than accepting deposits.

Annotations

Textual amendments

F1: Sch. 1 Pt. 4B inserted (27.4.2017 for specified purposes, 30.1.2018 for the insertion of Sch. 1 para. 10X so far as not already in force, 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(1)(6), Sch. 4 para. 2; S.I. 2018/78, regs. 2(i), 3(dd)
F2: Sch. 1 para. 10R(2)(c) omitted (31.12.2020) by virtue of The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1149), reg. 1(3), Sch. para. 37 (with reg. 4); 2020 c. 1, Sch. 5 para. 1(1)

Notes on Schedule 1

Textual amendments

F1: Word in Sch. 1 heading substituted (27.4.2017 for specified purposes, 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 16(2); S.I. 2018/78, reg. 5(1)(c)

Notes on Part 4B

Textual amendments

F2: Word in Sch. 1 Pt. 4B heading substituted (retrospectively) by Financial Services Act 2021 (c. 22), s. 33(2), Sch. 12 para. 3 (with s. 33(4))