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(1)The Treasury may by order amend any of sections 40 to 42 so as—
(a)to alter the categories of financial institution to which those sections apply;
(b)to alter the categories of account to which the prohibition in section 40(1) applies;
(c)to include provision defining a category of account specified in that section;
(d)to provide for the prohibition in section 40(1) not to apply in the case of an account to be operated (or an account that is operated) by or for a person or body of a specified description.
(2)An order under subsection (1) may amend a section so that it provides for a matter to be specified in a further order to be made by the Treasury.
(3)In subsection (1) “account” includes a financial product by means of which a payment may be made.
Commencement Information
I1S. 43 in force at 14.7.2014 by S.I. 2014/1820, art. 2(c)