{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-198",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-198.json",
  "legislation": "uksi/2001/3649",
  "legislation_title": "The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001",
  "path": "article/198",
  "kind": "article",
  "number": "198",
  "heading": "Definition of “institution” and “deposit”",
  "text": "(1) Section 107 of the Building Societies Act 1986 (restriction of use of certain names and descriptions) is amended as follows.\n(2) For subsection (12) substitute—\n“(12) In this section—\n“deposit” must be read with—\n(a) section 22 of the Financial Services and Markets Act 2000;\n(b) any relevant order under that section; and\n(c) Schedule 2 to that Act;\n“institution” means—\n(a) a body corporate wherever incorporated;\n(b) a partnership formed under the law of any part of the United Kingdom;\n(c) a partnership or other unincorporated association of two or more persons formed under the law of a member State other than the United Kingdom.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 198 in force at 1.12.2001, see art. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 107 was amended by S.I. 2001/2617."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Subsection (12) was amended by the Banking Act 1987 (c. 22), Schedule 6 paragraph 26."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3649/article/198",
    "retrieved_at": "2026-10-29T07:23:30.014012+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}