Part XXVI Interpretation
F1742B Meaning of “banking company”
1
Subject to subsection (2), “banking company” means a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits.
2
A banking company does not include—
a
a person who is not a company, and
b
a person who has permission to accept deposits only for the purpose of carrying on another regulated activity in accordance with that permission.
3
This section 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.