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Article 191 General prohibition on deposit takingI1

United Kingdom

In section 8(2) of the Credit Unions Act 1979f1 (general prohibition on deposit taking) for the words “has the meaning given in section 5 of the Banking Act 1987” substitute—

“must be read with—

(a)

section 22 of the Financial Services and Markets Act 2000;

(b)

any relevant order under that section; and

(c)

Schedule 2 to that Act.”.

Annotations

Commencement

I1

Art. 191 in force at 1.12.2001, see art. 1

Footnotes

f1

Subsection (2) of section 8 was substituted by the Banking Act 1987 section 108(1), Schedule 6 paragraph 7(1).