(1) A sum is not a deposit for the purposes of article 5 if it is -
(a) paid by any of the following persons -
(i) the Bank of England;
(ii) an authorised person who has permission to accept deposits, or to effect or carry out contracts of insurance;
(iii) [deleted]
(iv) National Savings and Investments;
(v) a municipal bank, that is to say a company which was, immediately before the coming into force of this article, exempt from the prohibition in section 3 of the Banking Act 1987 [1987 c. 22. Section 3 was amended by the Bank of England Act 1998 (c. 11), Sch. 5, paras 1 and 3. "Municipal bank" is defined in section 103 of the Banking Act 1987, which was amended by the Local Government Act 1992 (c. 19), Sch. 3, para. 22, and by the Local Government and Rating Act 1997 (c. 29), Sch. 3, para. 21.] by virtue of section 4(1) of, and paragraph 4 of Schedule 2 to, that Act;
(vi) Keesler Federal Credit Union;
(vii) a body of persons certified as a school bank by the National Savings Bank o
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