(1) Section 38A of the Industrial and Provident Societies Act (Northern Ireland) 1969 [Section 38A was inserted by the Deregulation (Northern Ireland) Order 1997, S.I. 1997/2984 (N.I. 22), Schedule 2, paragraph 6(2).] is amended as follows.
(2) In paragraph (3)(d) the words "within the meaning of the Banking Act 1987" are repealed.
(3) After paragraph (3) insert -
"(3A) In paragraph (3)(d), the reference to a deposit 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.".