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Banking (Special Provisions) Act 2008 (c. 2)Introductory TextIntroduction (ss. 1-2)1. Meaning of "authorised UK deposit-taker"2. Cases where Treasury's powers are exercisableTransfer of securities (ss. 3-5)3. Transfer of securities4. Extinguishment of subscription rights5. Compensation etc. for securities transferred etc.Transfer of property etc. (ss. 6-7)6. Transfer of property, rights and liabilities7. Compensation etc. for property etc. transferredFurther transfers (s. 8)8. Further transfers following transfer to public sectorSupplementary (ss. 9-10)9. Supplementary provision about compensation schemes etc.10. Tax consequencesBuilding societies (s. 11)11. Modification of legislation applying in relation to building societiesGeneral (ss. 12-17)12. Consequential and supplementary provision13. Orders and regulations: general14. Orders and regulations: retrospective provisions15. Interpretation16. Financial provision17. Short title, commencement and extentSchedule 1 Transfer orders under section 3Schedule 2 Transfer orders under section 6
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 February 2008 - onwards

1. Meaning of "authorised UK deposit-taker"

(1) In this Act "authorised UK deposit-taker" means a UK undertaking that under Part 4 of FSMA 2000 has permission to accept deposits.

(2) That expression does not, however, include such an undertaking with permission to accept deposits only for the purposes of, or in the course of, an activity other than accepting deposits.

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