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The Credit Institutions (Protection of Depositors)Regulations 1995
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- UK Statutory Instruments
- 1995 No. 1442
- Part III
- Regulation 33
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Trustee deposits, joint deposits etc.
33. After subsection (10) of section 61 of the 1987 Act (trustee deposits, joint deposits etc.) there shall be inserted the following subsection—
“(11) In the application of this section in relation to deposits made with an office of a UK institution in another EEA State, references to persons entitled in any of the following capacities, namely—
(a)as trustees;
(b)as bare trustees;
(c)as members of a partnership; or
(d)as persons jointly entitled,
shall be construed as references to persons entitled under the law of that State in a capacity appearing to the Board to correspond as nearly as may be to that capacity.”
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