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The Postal Administration Rules 2013

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“Authorised deposit-taker and former authorised deposit-taker”

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204.—(1) “Authorised deposit-taker” means a person with permission under Part 4A(1) of the Financial Services and Markets Act 2000 to accept deposits.

(2) “Former authorised deposit-taker” means a person who—

(a)is not an authorised deposit-taker,

(b)was formerly an authorised institution under the Banking Act 1987(2), or a recognised bank or a licensed institution under the Banking Act 1979(3), and

(c)continues to have liability in respect of any deposit for which it had a liability at a time when it was an authorised institution, recognised bank or licensed institution.

(3) Paragraphs (1) and (2) of this Rule must be read with—

(a)section 22(4) of the Financial Services and Markets Act 2000;

(b)any relevant order under that section; and

(c)Schedule 2 to that Act.

(1)

Part 4A of the Financial Services and Markets Act 2000 was substituted for Part 4 of that Act by section 11(2) of the Financial Services Act 2012 c. 21.

(2)

1987 c. 22; repealed by S.I. 201/3649, article 3(1)(d).

(3)

1979 c. 37; repealed by the Banking Act 1987, section 108, Schedule 7, Part 1.

(4)

Section 22 was amended by section 7 of the Financial Services Act 2012 c.

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