# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 549: Capital receipts of debt-free authorities

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

(1) Regulation 65 of the Local Authorities (Capital Finance) Regulations 1997 is amended as follows.
(2) In paragraph (1), for sub-paragraphs (e) and (f) of the definition of “relevant lender” substitute—
“(e) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits; or
(f) 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.”.
(3) After paragraph (1) insert—
“(1A) Sub-paragraphs (e) and (f) of the definition of “relevant lender” in paragraph (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.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/549 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-549
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.