# Finance Act 2011, Paragraph 76


(1) Liabilities are also “long term” so far as they consist of non-protected deposits.
(2) But sub-paragraph (1) does not apply to a deposit if the depositor is—
(a) an authorised person for the purposes of FISMA 2000 (see section 31 of that Act), or
(b) an entity which if it were a UK resident entity which carried on its activities in the United Kingdom would be required to be an authorised person.
(3) A deposit is “non-protected” so far as it is not a protected deposit for the purposes of paragraph 29.
(4) For the purposes of this paragraph—
(a) “ deposit ” has the meaning given by article 5(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ( S.I. 2001/544), and
(b) in relation to a deposit held in a territory outside the United Kingdom, the exclusions in articles 6 to 9AB of that Order apply with whatever modifications are appropriate to achieve the following purpose.
(5) The purpose is that the exclusions are to cover, essentially, the same matters in relation to the territory concerned as they cover in relation to the United Kingdom.

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/19/paragraph/76 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-76
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.