Article 2

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

art. 2(1) art. 2 renumbered as art. 2(1) by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 391(1)
art. 2(1)(b) substituted by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 391(2)
art. 2(1)(c) revoked by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 391(3)
art. 2(2)(3) inserted by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 391(4)

Any sums standing to the credit of any trust fund to which section 42 of the Landlord and Tenant Act 1987 applies may be —

(a)

deposited at interest with the Bank of England; or

(b)

deposited in the United Kingdom at interest with a person carrying on in the United Kingdom a deposit-taking business within the meaning of the Banking Act 1987^f1; or

(c)

deposited at interest with, or invested in shares in, a building society within the meaning of the Building Societies Act 1986^f2.

Annotations

Footnotes

f1: 1987 c. 22.
f2: 1986 c. 53.