[F1840A Banks.U.K.
(1)In any provision in relation to which it is provided that “bank” has the meaning given by this section “bank” means—
(a)the Bank of England;
(b)an institution authorised under the M1Banking Act 1987;
(c)a relevant European institution; or
(d)a relevant international organisation which is designated as a bank for the purposes of that provision by an order made by the Treasury.
(2)For the purposes of subsection (1) above, an institution is a relevant European institution if—
(a)it is a European authorised institution within the meaning of the M2Banking Co-ordination (Second Council Directive) Regulations 1992; and
(b)the requirements of paragraph 1 of Schedule 2 to those regulations have been complied with in relation to its establishment of a branch.
(3)For the purposes of subsection (1) above, a relevant international organisation is an international organisation of which the United Kingdom is a member.]
Textual Amendments
F1S. 840A inserted (29.4.1996) by Finance Act 1996 (c. 8), Sch. 37 para. 1(1)
Marginal Citations