Search Legislation

The Credit Institutions (Protection of Depositors)Regulations 1995

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening OptionsExpand opening options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Meaning of “deposit” in 1987 Act

45.—(1) In subsection (1) of section 5 of the 1987 Act (meaning of “deposit”), after the word “money” in the first place where it occurs, there shall be inserted the words “(whether denominated in a currency or in ecus)”.

(2) After that subsection there shall be inserted the following subsection—

(1A) In subsection (1) above ‘ecu’ means—

(a)the European currency unit as defined in Article 1 of Council Regulation No. 3320/94/EC(1)

(b)any other unit of account which is defined by reference to the European currency unit as so defined.

(1)

O.J. L350, 31.12.94, page 1.

Back to top

Options/Help