The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 No. 3649

PART 9 AMENDMENTS TO SECONDARY LEGISLATION

The Credit Institutions (Protection of Depositors) Regulations 1995 (S.I. 1995/1442)

Information in explanatory literature

496.  In regulation 47 of the Credit Institutions (Protection of Depositors) Regulations 1995—

(a) in paragraph (1), for “, an EEA institution and a non-EEA institution”, substitute “and an EEA institution”;

(b) in paragraph (2)(a)(i), for “relevant UK scheme”, substitute “Financial Services Compensation Scheme”;

(c) in paragraph (2)(b)(ii), for “a UK scheme”, substitute “the Financial Services Compensation Scheme”;

(d) paragraphs (2)(c) and (2)(d) are revoked;

(e) in paragraph (6)—

(i) in the definition of “relevant deposit”, for “, an EEA institution or non-EEA institution”, substitute “or an EEA institution”;

(ii) the definition of “the relevant UK scheme” is revoked.