Section 74 Meaning of “overseas institution” and “representative office”.C1

is a body corporate incorporated in a country or territory outside the United Kingdom or a partnership or other unincorporated association formed under the law of such a country or territory; or

has his principal place of business in such a country or territory,

that the person’s principal place of business is outside the United Kingdom and the person is authorised by the relevant supervisory authority in a country or territory outside the United Kingdom;

that the person describes himself or holds himself out as being authorised by such an authority in a country or territory outside the United Kingdom;

that the person uses any name or in any other way so describes himself or holds himself out as to indicate or reasonably be understood to indicate (whether in English or any other language), that he is a bank or banker or is carrying on a banking business (whether in the United Kingdom or elsewhere).