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Banking Act 2009
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Changes over time for: Section 91
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- 17/02/2009- Amendment
- 21/02/2009- Amendment
- 01/04/2013- Amendment
- 01/04/2013
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Banking Act 2009, Section 91 is up to date with all changes known to be in force on or before 25 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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91Interpretation: “bank”U.K.
This section has no associated Explanatory Notes
(1)In this Part “bank” means a UK institution which has permission under [F1Part 4A] of the Financial Services and Markets Act 2000 to carry on the regulated activity of accepting deposits (within the meaning of section 22 of that Act, taken with Schedule 2 and any order under section 22).
(2)But “bank” does not include—
(a)a building society within the meaning of section 119 of the Building Societies Act 1986,
(b)a credit union within the meaning of section 31 of the Credit Unions Act 1979, or
(c)any other class of institution excluded by an order made by the Treasury.
(3)In subsection (1) “UK institution” means an institution which is incorporated in, or formed under the law of any part of, the United Kingdom.
(4)An order under subsection (2)(c)—
(a)shall be made by statutory instrument, and
(b)may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.
(5)Section 130 makes provision for the application of this Part to building societies.
(6)Section 131 makes provision for the application of this Part to credit unions.
Textual Amendments
F1Words in s. 91(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 30 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement Information
I1S. 91 in force at 17.2.2009 for specified purposes by S.I. 2009/296, arts. 2, 3, Sch. para. 2
I2S. 91 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 2
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