# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 541: Interest on unpaid levies

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

The National Park Authorities (Levies) (England) Regulations 1996 are amended as follows—
(a) for paragraph (3)(a) of regulation 8 (interest on unpaid levies) substitute—
“(a) the reference banks are the seven largest persons who-
(i) have permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,
(ii) are incorporated in the United Kingdom and carrying on there a regulated activity of accepting deposits, and;
(iii) quote a base rate in sterling, and”;
(b) in paragraph (3)(b) of regulation 8, for “an institution” substitute “a person” and for “its” (in both places) substitute “his”;
(c) paragraph (4)(a) of regulation 8 is revoked;
(d) in paragraph (4)(b) of regulation 8, for “that institution” the first time it appears substitute “a person” and the second time it appears substitute “that person”;
(e) after paragraph (4) of regulation 8 insert—
“(5) Paragraph (3)(a) 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/541 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-541
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.