Anti-terrorism, Crime and Security Act 2001

[F1Meaning of “bank”U.K.

Textual Amendments

F1Sch. 1 Pt. 4B inserted (27.4.2017 for specified purposes, 30.1.2018 for the insertion of Sch. 1 para. 10X so far as not already in force, 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(1)(6), Sch. 4 para. 2; S.I. 2018/78, regs. 2(i), 3(dd)

10R(1)“Bank” means an authorised deposit-taker, other than a building society, that has its head office or a branch in the United Kingdom.U.K.

(2)In sub-paragraph (1), “authorised deposit-taker” means—

(a)a person who has permission under Part 4A of the Financial Services and Markets Act 2000 to accept deposits;

(b)a person who—

(i)is specified, or is within a class of persons specified, by an order under section 38 of that Act (exemption orders), and

(ii)accepts deposits;

F2(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)A reference in sub-paragraph (2) to a person or firm with permission to accept deposits does not include a person or firm with permission to do so only for the purposes of, or in the course of, an activity other than accepting deposits.]

Textual Amendments