PART 4ENACTMENTS RELATING TO THE BANK OF ENGLAND
Bank of England Act 1998 (c. 11)
Cash ratio deposits163
1
For sub-paragraph (1) of paragraph 1 of Schedule 2 to the Bank of England Act 1998 (cash ratio deposits) substitute—
1
Each deposit-taker is an eligible institution for the purposes of this Schedule.
1A
“Deposit-taker” has the meaning given in section 17, except that it does not include—
a
a credit union;
b
a friendly society;
c
a person who has permission to accept deposits under Part 4 of the Financial Services and Markets Act 2000 only in the course of effecting or carrying out contracts of insurance in accordance with that permission; or
d
an EEA firm of the kind mentioned in paragraph 5(c) of Schedule 3 to that Act.
1B
“Credit union” has the meaning given—
a
by the Credit Unions Act 1979; or
b
in Northern Ireland, by the Credit Unions (Northern Ireland) Order 1985.
1C
“Friendly society” means—
a
a society which is registered within the meaning of the Friendly Societies Act 1974; or
b
a society incorporated under the Friendly Societies Act 1992.
2
In sub-paragraph (2) of that paragraph, for “sub-paragraph (1)” substitute “sub-paragraphs (1) to (1C)”.