[F120. An amount owed at the relevant date by the debtor to one or more eligible persons in respect of a deposit that—N.I.
(a)was made through a [F2non-UK] branch of a credit institution authorised by the competent authority of [F3the United Kingdom], and
(b)would have been an eligible deposit if it had been made through [F4a UK] branch of that credit institution.]
F1Sch. 4 paras. 18-21 inserted (1.1.2015) by The Banks and Building Societies (Depositor Preference and Priorities) Order 2014 (S.I. 2014/3486), arts. 1(2), 23 (with art. 3)
F2Word in Sch. 4 para. 20(a) substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 2(2)(a)(i) (with regs. 24-26)