Article 605 Meaning of “bank”I1

Paragraph 2 of the Pig Industry Restructuring (Non-Capital Grant) Scheme 2001 (interpretation) is amended as follows.

In sub-paragraph (1), for the definition of “bank” substitute—

• ““bank” means—

  1. (i)

     a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,

  2. (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,

  3. (iii)

     the National Savings Bank,

  4. (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

  5. (v)

     a credit union within the meaning of the Credit Unions Act 1979;”.

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.”.