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Paragraph 8 I1

Scotland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

An amount owed at the relevant date by the debtor to one or more eligible persons in respect of a deposit which—

(a)

was made through a F1non-UK branch of a credit institution authorised by the competent authority of F2the United Kingdom, and

(b)

would have been an eligible deposit if it had been made through F3a UK branch of that credit institution.

Annotations

Textual amendments

F1

Word in sch. 3 para. 8(a) substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 8(2)(a)(i) (with regs. 24-26)

F2

Words in sch. 3 para. 8(a) substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 8(2)(a)(ii) (with regs. 24-26)

F3

Words in sch. 3 para. 8(b) substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 8(2)(b) (with regs. 24-26)

Commencement

I1

Sch. 3 para. 8 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2