The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

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.