(1) Section 87 of the Solicitors Act 1974 (interpretation) is amended as follows.
(2) In subsection (1), the definition of "authorised insurer" [The definition of "authorised insurer" was substituted by S.I. 1992/2890 regulation 12(1).] is repealed.
(3) In subsection (1) for the definition of "bank" [The definition of "bank" has been amended by the Banking Act 1979 (c. 37) Schedule 6; the Banking Act 1987 (c. 22) Schedule 6 paragraph 5; the Trustee Savings Banks Act 1985 (c. 58) Schedule 4 and S.I. 2001/1149 article 1(2). ] substitute -
""bank" means the Bank of England, a person (other than a building society) who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits or 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;".
(4) After that subsection, insert -
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