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The Credit Institutions (Protection of Depositors)Regulations 1995
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- 1995 No. 1442
- Part III
- Regulation 29
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Calculation of deposit base of transferee institutions
29.—(1) In subsections (2) to (4) of section 57 of the 1987 Act (deposit base of transferee institutions)—
(a)for the words “sterling deposits”, in each place where they occur, there shall be substituted the words “deposits in EEA currencies”; and
(b)for the words “sterling certificates of deposit”, in each place where they occur, there shall be substituted the words “certificates of deposit in EEA currencies”.
(2) After subsection (4) of that section there shall be inserted the following subsection—
“(4A) In their application to UK institutions, subsections (2) to (4) above shall have effect as if references to United Kingdom offices included references to offices in other EEA States.”
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