# Criminal Finances Act 2017, Section 30: Money received by administrators

Extent: S

(1) Paragraph 6 of Schedule 3 to the Proceeds of Crime Act 2002 (money received by administrator) is amended as follows.
(2) In sub-paragraph (1) for “an appropriate bank or institution” substitute “ a bank or building society ”.
(3) For sub-paragraph (3) substitute—
“(3) In sub-paragraph (1)—
(a) “bank” means an authorised deposit-taker, other than a building society, that has its head office or a branch in the United Kingdom;
(b) “building society” has the same meaning as in the Building Societies Act 1986.
(4) In sub-paragraph (3)(a) “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;
(c) an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act that has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to accept deposits.
(5) A reference in sub-paragraph (4) 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.”

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Source: https://www.legislation.gov.uk/ukpga/2017/22/section/30 (the official version)
Page: https://openlegislation.uk/criminal-finances-act-2017/section-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.