Article 480 Interpretation of the 1994 Regulations: authorised deposit takerI1

The Charitable Institutions (Fund-Raising) Regulations 1994 are amended as follows.

For paragraph (2) of regulation 1 (interpretation) substitute—

“(2)

In these Regulations, “authorised deposit taker” means—

(a)

the Bank of England;

(b)

a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits; or

(c)

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.”.

After paragraph (2) of that regulation insert—

“(2A)

Paragraph (2) 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.”.

In paragraph (2)(a)(iii) of regulation 6 (Transmission of money and other property to charitable institutions) for “a bank or building society” substitute “an authorised deposit taker”.