8SAn amount owed at the relevant date by the debtor to one or more eligible persons in respect of a deposit which—
(a)was made through a [F1non-UK] branch of a credit institution authorised by the competent authority of [F2the United Kingdom], and
(b)would have been an eligible deposit if it had been made through [F3a UK] branch of that credit institution.
Textual Amendments
F1Word in sch. 3 para. 8(a) substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 8(2)(a)(i) (with regs. 24-26)
F2Words in sch. 3 para. 8(a) substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 8(2)(a)(ii) (with regs. 24-26)
F3Words in sch. 3 para. 8(b) substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 8(2)(b) (with regs. 24-26)
Commencement Information
I1Sch. 3 para. 8 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2