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Article 226 Definition of "bank"
(1) Section 338 of the Housing (Scotland) Act 1987 (interpretation) is amended as follows.
(2) In subsection (1) -
(a) in the definition of "bank", for paragraph (a) 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 of that Schedule) to accept deposits, or";
(b) for the definition of "insurance company" substitute -
""insurance company" means -
(a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, or
(b) an EEA firm of the kind mentioned in paragraph 5(d) 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 of that Schedule) to effect or carry out contracts of insurance;".
(3) After subsection (1) insert -
"(1A) The definitions of "bank" and "insurance company" in subsection (1) must be read with -
(a) section 22 of the Financial Services and Markets Act 2000;