PART 8MISCELLANEOUS AMENDMENTS TO PRIMARY LEGISLATION

Supreme Court Act 1981 (c. 54)

Attachment of debts290.

(1)

Section 40 of the Supreme Court Act 1981 (attachment of debts) is amended as follows.

(2)

In subsection (1), for the words from “the following” to the end substitute “any deposit account, and any withdrawable share account, with a deposit-taker”.

(3)

In subsection (4)(b) for “deposit-taking institution”, in both places, substitute “deposit-taker”.

(4)

For subsection (6)212 substitute—

“(6)

“Deposit-taker” means a person who may, in the course of his business, lawfully accept deposits in the United Kingdom.”.

(5)

After subsection (6) insert—

“(7)

Subsection (6) 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.”.

Administrative expenses of garnishees and others291.

(1)

Section 40A213 of the Supreme Court Act 1981 (administrative expenses of garnishees and others) is amended as follows.

(2)

In subsection (1)—

(a)

for “any deposit-taking institution, the institution” substitute “a deposit-taker, it”;

(b)

for “the administrative and clerical expenses of the institution” substitute “its administrative and clerical expenses”; and

(c)

the words “of an institution” are repealed.

(3)

In subsection (1A)—

(a)

for “any such institution as is mentioned in that subsection” substitute “a deposit-taker”; and

(b)

for “the institution” substitute “it”.

(4)

In subsection (3), for the definition of “deposit-taking institution” substitute—

““deposit-taker” has the meaning given by section 40(6);”.

(5)

In subsection (4)(c)214, for “deposit-taking institutions” substitute “deposit-takers”.