{
  "url": "https://openlegislation.uk/dormant-bank-and-building-society-accounts-act-2008/section-7",
  "json_url": "https://openlegislation.uk/dormant-bank-and-building-society-accounts-act-2008/section-7.json",
  "legislation": "ukpga/2008/31",
  "legislation_title": "Dormant Bank and Building Society Accounts Act 2008",
  "legislation_url": "https://openlegislation.uk/dormant-bank-and-building-society-accounts-act-2008",
  "path": "section/7",
  "kind": "section",
  "number": "7",
  "heading": "“Bank”",
  "text": "(1) Subject to subsection (4), “bank” means an authorised deposit-taker that has its head office, or one or more branches, in the United Kingdom.\n(2) In subsection (1) “authorised deposit-taker” means—\n(a) a person who under Part 4A of FSMA 2000 has permission to accept deposits;\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) A reference in subsection (2) to a person ... with permission to accept deposits does not include a person ... with permission to do so only for the purposes of, or in the course of, an activity other than accepting deposits.\n(4) “Bank” does not include—\n(a) a building society;\n(b) a person who is specified, or is within a class of persons specified, by an order under section 38 of FSMA 2000 (exemption orders);\n(c) a credit union;\n(d) a friendly society.\n(5) In this section—\n“credit union” means a credit union within the meaning of section 31(1) of the Credit Unions Act 1979 or a credit union within the meaning of Article 2(2) of the Credit Unions (Northern Ireland) Order 1985;\n“friendly society” has the same meaning as in the Friendly Societies Act 1992 (c. 40) (see section 116 of that Act);\n“FSMA 2000” means the Financial Services and Markets Act 2000 (c. 8).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 7(2)(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 128 (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 7(2)(b) omitted (31.12.2020) by virtue of The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1149), reg. 1(3), Sch. para. 40(a) (with reg. 4); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 7(3) omitted (31.12.2020) by virtue of The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1149), reg. 1(3), Sch. para. 40(b) (with reg. 4); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 7(5) substituted (31.3.2012) by The Financial Services and Markets Act 2000 (Permissions, Transitional Provisions and Consequential Amendments) (Northern Ireland Credit Unions) Order 2011 (S.I. 2011/2832), arts. 2(c), 12(1)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 7 in force at 12.3.2009 by S.I. 2009/490, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2008/31/section/7",
    "retrieved_at": "2026-10-29T09:11:31.523914+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}