Paragraph 7
United Kingdom
In section 8 of the M1Credit Unions Act 1979 for subsections (2) and (3) there shall be substituted—
“(2)In this section and section 9 below “deposit” has the meaning given in section 5 of the Banking Act 1987.”
In the definition of “authorised bank” in section 31(1) of that Act for paragraph (a) there shall be substituted—
- (a)
“an institution authorised under the Banking Act 1987 or a municipal bank within the meaning of that Act;”
and the words from “and so long” to “that Schedule” shall be omitted.
Annotations
Marginal citations
- M1
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(d)
Act continued (with modifications) (1.12.2001) by S.I. 2001/2967, arts. 1(2), 9(1), Sch. 1 Pt. 1; S.I. 2001/3538 (as amended (1.4.2013) by S.I. 2013/472, arts. 1(1), 3, Sch. 2 para. 56(h)(i)); and specified provisions of Act applied, extended and amended (1.4.2003) so far as still in force by 2001 c. 16, ss. 50, 52-54, 57(1)(j)(4), 68, 138(2), Sch. 1 para. 43, Sch. 2 para. 16(2)(d); S.I. 2003/708, art. 2