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Article 296 Meaning of “deposit-taking institution”I1

United Kingdom

(1)

Section 147 of the County Courts Act 1984 (Interpretation) is amended as follows.

(2)

In subsection (1), for the definition of “deposit-taking institution”f1 substitute—

  • ““deposit-taking institution” means a person who may, in the course of his business, lawfully accept deposits in the United Kingdom;”.

(3)

After subsection (1) insert—

“(1A)

The definition of “deposit-taking institution” 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.”.

Annotations

Commencement

I1

Art. 296 in force at 1.12.2001, see art. 1

Footnotes

f1

The definition of “deposit-taking institution” was amended by the Banking Act 1987 (c. 22), s.108(1), Schedule 6, para.15.