The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

Attachment of debts

290.—(1) Section 40 of the Supreme Court Act 1981 (attachment of debts) is amended as follows.

(2) In subsection (1), for the words from “the following” to the end substitute “any deposit account, and any withdrawable share account, with a deposit-taker”.

(3) In subsection (4)(b) for “deposit-taking institution”, in both places, substitute “deposit-taker”.

(4) For subsection (6)(1) substitute—

“(6) “Deposit-taker” means a person who may, in the course of his business, lawfully accept deposits in the United Kingdom.”.

(5) After subsection (6) insert—

“(7) Subsection (6) 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.”.

(1)

Section 40(6) was amended by the Banking Act 1987 (c. 22) Schedule 6, paragraph 11.