# The Financial Services and Markets Act 2000 (Exemption) Order 2001, Paragraph 16


A municipal bank, that is to say a company which was, immediately before the coming into force of this Order, exempted from the prohibition in section 3 of the Banking Act 1987 by virtue of section 4(1) of, and paragraph 4 of Schedule 2 to, that Act.

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Source: https://www.legislation.gov.uk/uksi/2001/1201/schedule/paragraph/16 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-exemption-order-2001/schedule/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.