# The Scottish and Northern Ireland Banknote Regulations 2009, Regulation 10: Unissued banknotes


(1) An authorised bank may only arrange for a person to hold its banknotes on its behalf otherwise than as bearer where that person is for the time being approved by the Bank of England for this purpose.
(2) The rules may specify requirements with which an authorised bank must comply where it arranges for a person to hold its banknotes on its behalf otherwise than as bearer.

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Source: https://www.legislation.gov.uk/ukdsi/2009/9780111486306/regulation/10 (the official version)
Page: https://openlegislation.uk/draft-scottish-and-northern-ireland-banknote-regulations-2009/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.