(1) Subject to subsection (4), "bank" means an authorised deposit-taker that has its head office, or one or more branches, in the United Kingdom.

(2) In subsection (1) "authorised deposit-taker" means -

(a) a person who under Part 4A of FSMA 2000 has permission to accept deposits;

(b) [deleted]

(3) A reference in subsection (2) to a person with permission to accept deposits does not include a person with permission to do so only for the purposes of, or in the course of, an activity other than accepting deposits.

(4) "Bank" does not include -

(a) a building society;

(b) a person who is specified, or is within a class of persons specified, by an order under section 38 of FSMA 2000 (exemption orders);

(c) a credit union;

(d) a friendly society.

(5) In this section -