# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 226: Definition of “bank”

Extent: E+W+S+N.I.

(1) Section 338 of the Housing (Scotland) Act 1987 (interpretation) is amended as follows.
(2) In subsection (1)—
(a) in the definition of “bank”, for paragraph (a) substitute—
“(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,
(ab) an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act 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, or”;
(b) for the definition of “insurance company” substitute—
““insurance company” means—
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, or
(b) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of insurance;”.
(3) After subsection (1) insert—
“(1A) The definitions of “bank” and “insurance company” in subsection (1) 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.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/226 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-226
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.