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The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2004
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Interpretation of the 1996 Regulations
27. In paragraph (1) of regulation 3 of the Insolvency Regulations (Northern Ireland) 1996 (interpretation and application), for the definition of “bank” substitute—
““bank” means—
(a)
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits, or
(b)
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;”.
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