# The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002, Article 54: Definition of “authorised bank”


Article 2 of the Credit Unions (Northern Ireland) Order 1985 (interpretation) is amended as follows.
(2) In paragraph (2), for sub-paragraph (a) of the definition of “authorised bank” substitute—
“(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits;
(ab) 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;
(ac) a municipal bank, that is to say a company which, immediately before the 1st December 2001 fell within the definition in section 103 of the Banking Act 1987;”.
(3) After paragraph (2) insert—
“(2A) Sub-paragraphs (a) and (ab) of the definition of “authorised bank” in paragraph (2) 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/2002/1555/article/54 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-order-2002/article-54
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.