# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 568: Borrowing powers

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

(1) In paragraph (2) of article G5 of the Police Act 1997 (Provisions in Relation to the NCIS Service Authority) Order 1998 (borrowing powers), for sub-paragraph (a) substitute—
“(a) by overdraft or short term from the Bank of England or from a person who, at the time the borrowing is undertaken, is—
(i) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits; or
(ii) 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 of that Schedule) to accept deposits; or”.
(2) After paragraph (2) insert—
“(2A) Paragraph (2)(a) above 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/568 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-568
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.