# Financial Services Act 2021, Paragraph 4


(1) Paragraph 10Q (application for account freezing order) is amended as follows.
(2) In sub-paragraph (1), for “bank or building society” substitute “ relevant financial institution ”.
(3) After that sub-paragraph insert—
“(1A) In this Part of this Schedule, “relevant financial institution” means—
(a) a bank,
(b) a building society,
(c) an electronic money institution, or
(d) a payment institution.”
(4) In sub-paragraph (7), at the appropriate places insert—
““electronic money institution” has the same meaning as in the Electronic Money Regulations 2011 (S.I. 2011/99) (see regulation 2 of those Regulations);””, and
““payment institution” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (S.I. 2017/752));”.

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Source: https://www.legislation.gov.uk/ukpga/2021/22/schedule/12/paragraph/4 (the official version)
Page: https://openlegislation.uk/financial-services-act-2021/schedule-12/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.