# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 471: Interpretation of the 1994 Regulations

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

In paragraph (1) of regulation 3 of the Insolvency Regulations 1994 (interpretation and application) for the definition of “bank” substitute—
““bank” means—
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits, or
(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;”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/471 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-471
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.