Article 2 of the Credit Unions (Northern Ireland) Order 1985 (interpretation) is amended as follows.
(2) In paragraph (2), for sub-paragraph (a) of the definition of "authorised bank" substitute -
"(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits;
(ab) 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;
(ac) a municipal bank, that is to say a company which, immediately before the 1st December 2001 fell within the definition in section 103 of the Banking Act 1987 [The Banking Act 1987 (c. 22) was repealed on 1st December 2001 by S.I. 2001/3649, article 3(1) (d).];".
(3) After paragraph (2) insert -
"(2A) Sub-paragraphs (a) and (ab) of the definition of "authorised bank" in paragraph (2) must be read with -
(a) section 22 of the Financial Ser
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