# Dormant Bank and Building Society Accounts Act 2008, Section 7: “Bank”


(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.
(2) In subsection (1) “authorised deposit-taker” means—
(a) a person who under Part 4A of FSMA 2000 has permission to accept deposits;
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(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.
(4) “Bank” does not include—
(a) a building society;
(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);
(c) a credit union;
(d) a friendly society.
(5) In this section—
“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;
“friendly society” has the same meaning as in the Friendly Societies Act 1992 (c. 40) (see section 116 of that Act);
“FSMA 2000” means the Financial Services and Markets Act 2000 (c. 8).

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Source: https://www.legislation.gov.uk/ukpga/2008/31/section/7 (the official version)
Page: https://openlegislation.uk/dormant-bank-and-building-society-accounts-act-2008/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.