SCHEDULE 2Cash ratio deposits

Eligible institutions

1(1)The following are eligible institutions for the purposes of this Schedule—

(a)an institution authorised under the [1987 c. 22.] Banking Act 1987,

(b)a European authorised institution within the meaning of the [S.I. 1992/3218.] Banking Coordination (Second Council Directive) Regulations 1992 which has lawfully established a branch in the United Kingdom for the purpose of accepting deposits or other repayable funds from the public, and

(c)a building society authorised under the [1986 c. 53.] Building Societies Act 1986.

(2)The Treasury may by order amend sub-paragraph (1) as they think fit.