The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002

Meaning of “authorised deposit taker” and “former authorised institution”

46.—(1) Rule 2.8 of the Railway Administration Order Rules 2001 (manner in which service of the petition is to be effected) is amended as follows.

(2) For paragraph (5)(a) substitute—

“(a) is an authorised deposit taker or a former authorised institution,”.

(3) After paragraph (6) insert—

“(6A) For the purposes of paragraph (5)—

(a) “authorised deposit taker” means a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits; and

(b) “former authorised institution” means an institution which continues to have a liability in respect of a deposit which was held by it in accordance with the Banking Act 1979 or the Banking Act 1987, but is not an authorised deposit taker.

(6B) References in paragraph (6A) to deposits and their acceptance must be read with—

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

(b) any relevant order under that section; and

(c) Schedule 2 to that Act.”.