PART IIU.K. PERSONS EXEMPT IN RESPECT OF ACCEPTING DEPOSITS
16. A municipal bank, that is to say a company which was, immediately before the coming into force of this Order, exempted from the prohibition in section 3 of the Banking Act 1987 by virtue of section 4(1) of, and paragraph 4 of Schedule 2 to, that Act.U.K.
17. U.K.
(1) Keesler Federal Credit Union, in so far as it accepts deposits from members, or dependants of members, of a visiting force of the United States of America, or from members, or dependants of members, of a civilian component of such a force.
(2) In sub-paragraph (1), “member", “dependent" and “visiting force" have the meanings given by section 12 of the Visiting Forces Act 1952 and “member of a civilian component" has the meaning given by section 10 of that Act.
18. A body of persons certified as a school bank by the National Savings Bank or by an authorised person who has permission to accept deposits.U.K.
19. A local authority.U.K.
20. U.K.
(1) Any body which by virtue of any enactment has power to issue a precept to a local authority in England or Wales or a requisition to a local authority in Scotland, or to the expenses of which, by virtue of any enactment, a local authority in the United Kingdom is or can be required to contribute.
(2) In sub-paragraph (1), “enactment" includes an enactment comprised in, or in an instrument made under, an Act of the Scottish Parliament.
[21. The Council of Europe Development Bank.]U.K.
22. A charity, in so far as it accepts deposits—U.K.
(a)from another charity; or
(b)in respect of which no interest or premium is payable.
23. The National Children’s Charities Fund in so far as—U.K.
(a)it accepts deposits in respect of which no interest or premium is payable; and
(b)the total value of the deposits made by any one person does not exceed £10,000.
24. An industrial and provident society, in so far as it accepts deposits in the form of withdrawable share capital.U.K.
[24A. A credit union, within the meaning of the Credit Unions (Northern Ireland) Order 1985.]U.K.
25. U.K.
(1) The Student Loans Company Limited, in so far as it accepts deposits from the Secretary of State or the Scottish Ministers in connection with, or for the purposes of, enabling eligible students to receive loans.
(2) In sub-paragraph (1), “eligible student" means—
(a)any person who is an eligible student pursuant to regulations made under Part II of the Teaching and Higher Education Act 1998 ;
(b)any person to whom, or in respect of whom, loans may be paid under section 73(f) of the Education (Scotland) Act 1980 ;
(c)any person who is an eligible student pursuant to regulations made under article 3 of the Education (Student Support) (Northern Ireland) Order 1998 ; or
(d)any person who is in receipt of or who is eligible to receive a loan of the kind mentioned in article 3(1) of the Teaching and Higher Education Act 1998 (Commencement No. 2 and Transitional Provisions) Order 1998 or article 3(1) of the Education (Student Support) (Northern Ireland) Order 1998 (Commencement and Transitional Provisions) Order (Northern Ireland) 1998 .