1. In this Schedule:
[F1“credit institution” means a credit institution for the purposes of Article 1 of Directive 2000/12/EC of the European Parliament and of the Council of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions;]
[F2“financial institution” means a financial institution for the purposes of Article 1 of Directive 2000/12/EC of the European Parliament and of the Council of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions;]
“insurance undertaking” means an insurance undertaking carrying on the business of direct insurance of a class set out in the Annex to Council Directive (EEC) 73/239 the First Council Directive on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance(1) or in Article 1 of Council Directive (EEC) 79/267 the First Council Directive on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct life assurance(2); and
terms used in this Schedule in respect of the determination of the applicable turnover of credit institutions, financial institutions and insurance undertakings shall (except where the contrary intention appears) have the same meaning as in the relevant Directive.
Textual Amendments
F1Words in Sch. para. 1 substituted (22.11.2000) by The Banking Consolidation Directive (Consequential Amendments) Regulations 2000 (S.I. 2000/2952), regs. 1, 15(2)(a)
F2Words in Sch. para. 1 substituted (22.11.2000) by The Banking Consolidation Directive (Consequential Amendments) Regulations 2000 (S.I. 2000/2952), regs. 1, 15(2)(b)
Commencement Information
I1Sch. para. 1 in force at 1.3.2000, see reg. 1
OJ No. L228, 16.8.73, p. 3.
OJ No. L63, 13.3.79, p. 1.