Power to give directions about dormant bank accounts of charities
339.—(1) Section 28 of the Charities Act 1993 (power to give directions about dormant bank accounts of charities) is amended as follows.
(2) In subsection (8)(b), for sub-paragraphs (ii)(1) to (v) of the definition of “relevant institution” substitute—
“(ii)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits;
(iii)an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to accept deposits; or
(iv)such other person who may lawfully accept deposits in the United Kingdom as may be prescribed by the Secretary of State.”.
(3) After that subsection insert—
“(8A) Sub-paragraphs (ii) to (iv) of the definition of “relevant institution” in subsection (8)(b) must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any relevant order under that section; and
(c)Schedule 2 to that Act.”.
Section 28(8)(b)(ii) was amended by the Bank of England Act 1998 (c. 11), Schedule 5, paragraph 42.