Version Superseded: 06/04/2008
Point in time view as at 06/04/2007. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1985, Section 742B.
(1)Subject to subsection (2), “banking company” means a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits.
(2)A banking company does not include—
(a)a person who is not a company, and
(b)a person who has permission to accept deposits only for the purpose of carrying on another regulated activity in accordance with that permission.
(3)This section 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.
Textual Amendments
F1Ss. 742A-C inserted (1.12.2001) by S.I. 2001/3649, arts. 1, 29
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