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Regulation 5 Designation of authorised bank

Original text. Later amendments are not shown.

(1)

For the purposes of Part 6 of the 2009 Act, New Royal Bank of Scotland (a bank within the same group as Original Royal Bank of Scotland) is designated as an authorised bank.

(2)

The designation in paragraph (1)—

(a)

applies from the beginning of the designation date; and

(b)

authorises New Royal Bank of Scotland to issue banknotes in Scotland only.