609.—(1) Regulation 6 of the Justices' Chief Executives (Accounts) Regulations 2001 (bank accounts) is amended as follows.
(2) For paragraph (3) substitute—
“(3) In paragraph (1) “bank” means—
(a)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits;
(b)an EEA 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) After paragraph (3) insert—
“(3A) But where a person of the kind mentioned in paragraph (3)(a) is a building society within the meaning of the Building Societies Act 1986, it is not a bank for the purposes of paragraph (1) unless it may lawfully provide corporate banking services.
(3B) Paragraph (3) 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.”.
(4) In paragraph (4), for “subsection (3)(c)” substitute “paragraph (3)(b)”.