# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 604: Meaning of “bank”

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

(1) Paragraph 2 of the Pig Industry Restructuring (Capital Grant) Scheme 2001 (interpretation) is amended as follows.
(2) In sub-paragraph (1), for the definition of “bank” substitute—
““bank” means—
(i) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,
(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,
(iii) the National Savings Bank,
(iv) a municipal bank, that is to say a company which was, immediately before the repeal of the Banking Act 1987, exempted from the prohibition in section 3 of that Act by virtue of section 4(1) of, and paragraph 4 of Schedule 2 to, that Act, or
(v) a credit union within the meaning of the Credit Unions Act 1979;”.
(3) After sub-paragraph (1) insert—
“(1A) The definition of “bank” in sub-paragraph (1) must be read with—
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order made under that section; and
(c) Schedule 2 to that Act.”.

---
Source: https://www.legislation.gov.uk/uksi/2001/3649/article/604 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-604
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.