# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 448: Interpretation of the Schedule to the 1993 Order

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

(1) The Schedule to the Credit Unions (Authorised Investments) Order 1993 (authorised investments) is amended as follows.
(2) In paragraph 3 for sub-paragraph (a) substitute—
“(a) deposits;”.
(3) In paragraph 4 (Interpretation)—
(a) for the definition of “deposits” substitute—
““deposits” includes shares in a building society (other than deferred shares), but does not include transferable instruments;”;
(b) for the definition of “European authorised institution” substitute—
““European authorised institution” means 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 by virtue of paragraph 12 of that Schedule) to accept deposits;”; and
(c) for the definition of “European deposit-taker” substitute—
““European deposit-taker” means an EEA firm falling within paragraph 5(b) of Schedule 3 to the Financial Services and Markets Act 2000 which has lawfully established a branch in the United Kingdom for the purpose of accepting deposits;”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/448 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-448
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.