# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 256: Definitions of terms

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

(1) In regulation 2 of the Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 1998 (general definitions)—
(a) the existing provision becomes paragraph (1);
(b) the definitions of “European authorised institution” and “European institution” are revoked;
(c) the definition of “home-regulated investment business” is revoked;
(d) for the definition of “relevant institution” substitute—
““relevant institution” means—
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits;
(b) 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(1) of that Schedule) to accept deposits; or
(c) a person who is an exempt person in respect of accepting deposits as a result of an order made under section 38(1) of that Act;”;
(e) after paragraph (1) insert—
“(2) The definition of “relevant institution” in paragraph (1), together with regulations 3(5) to (6A) and 4(2) and paragraph 4 of Part I of Schedule 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/256 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-256
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.