- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
In this Part—
“account” has the meaning given by section 9;
“authorised”, in relation to a reclaim fund, means authorised for the purposes of the Financial Services and Markets Act 2000 (c. 8);
“balance” has the meaning given by section 8;
“bank” has the meaning given by section 7;
“building society” means a building society incorporated (or deemed to be incorporated) under the Building Societies Act 1986 (c. 53);
“charity” means a body, or the trustees of a trust, established for charitable purposes only;
“dormant” has the meaning given by section 10;
“financial year”—
in relation to a company (other than a building society) within the meaning of the Companies Act 2006, has the meaning given in section 390(1) to (3) of that Act;
in relation to an undertaking that is not a company within the meaning of that Act (and is not a building society), has the meaning given in section 390(4) of that Act;
in relation to a building society, has the meaning given in section 117 of the Building Societies Act 1986;
“group” means a parent undertaking and its subsidiary undertakings;
“parent undertaking” and “subsidiary undertaking” have the same meaning as in the Companies Act 2006 (see section 1162 of that Act);
“reclaim fund” has the meaning given by section 5(1).
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Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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