Part 6Banknotes: Scotland and Northern Ireland
Key terms
210“Authorised bank”
In this Part “authorised bank” means
F1(a)
a bank which immediately before commencement was authorised to issue banknotes in Scotland or Northern Ireland F2(unless by virtue of regulations under section 214A it is no longer an authorised bank for the purposes of this Part), or
F3(b)
a bank which is designated as an authorised bank for the purposes of this Part by regulations under section 214A(1)(a).