Article 4 Amendments to Part 2: circumstances in which accepting a deposit is not a core activity

in the opening words, omit “or an EEA account”;

after sub-paragraph (a), insert—

“(aa)

an SME which is—

(i)

an investment firm,

(ii)

a UCITS or an alternative investment fund,

(iii)

a management company or an alternative investment fund manager, or

(iv)

a financial holding company or a mixed financial holding company,

and for these purposes, “UCITS”, “alternative investment fund”, “management company”, “alternative investment fund manager”, “financial holding company” and “mixed financial holding company” have the meanings given in article 1(4) of the excluded activities and prohibitions order;”;

at the end of sub-paragraph (d), omit “or”;

after sub-paragraph (e), insert—

“(f)

the central bank of a state or territory other than the United Kingdom;

(g)

the European Central Bank;

(h)

the European Union;

(i)

the European Atomic Energy Community;

(j)

the Bank for International Settlements;

(k)

the Bank of England Asset Purchase Facility Fund Limited;

(l)

the Covid Corporate Financing Facility Limited; or

(m)

the UK Infrastructure Bank Limited.”;