# The Proceeds of Crime Act 2002 (External Investigations and External Orders and Requests) (Amendment) Order 2021, Article 31: New definition of “relevant financial institution” to replace references to “banks” and “building societies”


In—
(a) article 213X(1) (general) for “money held in bank and building society accounts (within the meaning of article 213Z1(6))” substitute “money held in accounts maintained with relevant financial institutions (within the meaning of article 213Z1(6))”;
(b) article 213Z1(6) insert at the appropriate place—
““relevant financial institution” has the same meaning as in section 303Z1 of the Act;”;
(c) article 213Z13 (interpretation), in the definition of “account forfeiture order”, for “money in a bank or building society account” substitute “money held in an account maintained with a relevant financial institution”.

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Source: https://www.legislation.gov.uk/uksi/2021/638/article/31 (the official version)
Page: https://openlegislation.uk/proceeds-of-crime-act-2002-external-investigations-and-external-orders-and-requests-amendment-order-2021/article-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.