“Authorised deposit-taker and former authorised deposit-taker”13.12A

1

“Authorised deposit-taker” means a person with permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits.

2

“Former authorised deposit-taker” means a person who—

a

is not an authorised deposit-taker,

b

was formerly an authorised institution under the Banking Act 1987, or a recognised bank or a licensed institution under the Banking Act 1979276, and

c

continues to have liability in respect of any deposit for which it had a liability at a time when it was an authorised institution, recognised bank or licensed institution.

3

Paragraphs (1) and (2) 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.