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Paragraph 1A F1

In this Schedule—

  • “deposit” means rights of the kind described in—

    1. (a)

      paragraph 22 of Schedule 2 to the Financial Services and Markets Act 2000 (deposits); or

    2. (b)

      section 1(2)(b) of the Dormant Bank and Building Society Accounts Act 2008 (balances transferred under that Act to authorised reclaim fund); and

  • “relevant deposit” means—

    1. (a)

      an “eligible deposit” within the meaning given by paragraph 15C(1) of Schedule 6 to the Insolvency Act 1986 (categories of preferential debts) or a deposit of the kind mentioned in paragraph 15BB of that Schedule; or

    2. (b)

      an “eligible deposit” within the meaning given by paragraph 21(1) of Schedule 4 to the Insolvency (Northern Ireland) Order 1989 (categories of preferential debts) or a deposit of the kind mentioned in paragraph 20 of that Schedule.

Annotations

Textual amendments

F1

Sch. 15 para. 1A inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 32(2) (with art. 3)

Notes on Schedule 15

Modifications

C1

Sch. 15 applied (with modifications) (7.4.2010) by The Building Societies (Financial Assistance) Order 2010 (S.I. 2010/1188), arts. 1(2), 9