Investment firms to be treated as financial institutionsU.K.
This section has no associated Explanatory Memorandum
221. An investment firm within the meaning given in section 258A of the Banking Act 2009 M1 (“investment firm”) is to be treated as a financial institution for the purposes of section 228 (Consolidated Fund) and 229 (National Loans Fund) of that Act.
Marginal Citations
M1Section 258A was inserted by the Financial Services Act 2012, section 101(1) and (7); and was amended by S.I. 2013/3115. Also, see S.I. 2014/1832, which was made under subsection (2)(b).