The Pig Industry Restructuring Grant (Wales) (Variation) Scheme 2003

““bank” (“banc”) means —

1. (i)
   a person who has permission under Part 4 of the Financial Services and Markets Act 20004 to accept deposits,
2. (ii)

   an European Economic Area firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to accept deposits,

3. (iii)

   the National Savings bank,

4. (iv)
   a municipal bank, that is to say a company which was, immediately before the repeal of the Banking Act 19875 exempted from the prohibition in section 3 of that Act by virtue of section 4(1) of, and paragraph 4 of Schedule 2 to, that Act, or
5. (v)
   a credit union within the meaning of the Credit Unions Act 19796.”

“(1A)

The definition of “bank” (“banc”) in subparagraph (1) must be read with —

(a)

section 22 of the Financial Services and Markets Act 2000;

(b)

any relevant order made under that section; and

(c)

Schedule 2 to that Act.”.