Section 30(3)

For sub-paragraph (3) substitute— In sub-paragraph (1)— “bank” means an authorised deposit-taker, other than a building society, that has its head office or a branch in the United Kingdom; “building society” has the same meaning as in the Building Societies Act 1986. In sub-paragraph (3)(a) “authorised deposit-taker” means— a person who has permission under Part 4A of the Financial Services and Markets Act 2000 to accept deposits; a person who— is specified, or is within a class of persons specified, by an order under section 38 of that Act (exemption orders), and accepts deposits; an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act that has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to accept deposits. A reference in sub-paragraph (4) 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.

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Source: legislation.gov.uk · retrieved 2026-09-04