Eligible institutions
(1) Each deposit-taker is an eligible institution for the purposes of this Schedule.
(1A) "Deposit-taker" has the meaning given in section 17, except that it does not include -
(a) a credit union;
(b) a friendly society;
(c) a person who has permission to accept deposits under Part 4A of the Financial Services and Markets Act 2000 only in the course of effecting or carrying out contracts of insurance in accordance with that permission;
(d) [deleted]
(1B) "Credit union" has the meaning given -
(a) by the Credit Unions Act 1979; or
(b) in Northern Ireland, by the Credit Unions (Northern Ireland) Order 1985.
(1C) "Friendly society" means -
(a) a society which is registered within the meaning of the Friendly Societies Act 1974; or
(b) a society incorporated under the Friendly Societies Act 1992.
(2) The Treasury may by order amend sub-paragraph (1) to (1C) as they think fit.
Liability base
(1) For the purposes of this Schedule, the liability base o