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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 December 2001 - onwards
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Article 497 Information in advertisements

In regulation 48 of the Credit Institutions (Protection of Depositors) Regulations 1995 -

(a) in paragraph (2) -

(i) for ", an EEA institution and a non-EEA institution", substitute "and an EEA institution";

(ii) in sub-paragraph (2)(a), for "relevant UK scheme", substitute "Financial Services Compensation Scheme";

(b) in paragraph (3)(b)(ii), for "a UK scheme", substitute "the Financial Services Compensation Scheme";

(c) paragraphs (3)(c) and (3)(d) are revoked;

(d) in paragraph (6), the definition of "the relevant UK scheme" is revoked;

(e) for paragraph (7), substitute -

"(7) For the purposes of this regulation -

(a) an advertisement issued or caused to be issued by any person by way of display or exhibition in a public place shall be treated as issued or caused to be issued by him on every day on which he causes or permits it to be displayed or exhibited;

(b) an advertisement inviting deposits with a person specified in the advertisement shall be presumed, unless the contrary is pr

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