Article 222 Specification of banks where solicitors may keep accountsI1

Section 35 of the Solicitors (Scotland) Act 1980 (accounts rules) is amended as follows.

In subsection (2), for paragraph (e)^f1 substitute—

“(e)

a person (other than a building society) who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits;

(ea)

an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to the Financial Services and Markets Act 2000 which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to accept deposits;”.

After subsection (2) of section 35 insert—

“(2A)

Paragraphs (e) and (ea) of subsection (2) 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.”.