PART 3Access to services etc

CHAPTER 2Other services etc

Bank accounts

43Power to amend

1

The Treasury may by order amend any of sections 40 to 42 so as—

a

to alter the categories of financial institution to which those sections apply;

b

to alter the categories of account to which the prohibition in section 40(1) applies;

c

to include provision defining a category of account specified in that section;

d

to provide for the prohibition in section 40(1) not to apply in the case of an account to be operated (or an account that is operated) by or for a person or body of a specified description.

2

An order under subsection (1) may amend a section so that it provides for a matter to be specified in a further order to be made by the Treasury.

3

In subsection (1) “account” includes a financial product by means of which a payment may be made.