# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 56: Meaning of “banking partnership”

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

(1) For paragraph (2) of Article 263D of the 1986 Order (power to apply provisions to banking) substitute—
“(2) A “banking partnership” means a partnership which has permission under Part 4 of the Financial Services and Markets Act 2000.
(2A) But a partnership is not a banking partnership if it has permission to accept deposits only for the purpose of carrying on another regulated activity in accordance with that permission.”.
(2) After paragraph ( 4) of that Article insert—
“(5) Paragraphs (2) and (2A) 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/56 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.