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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 October 2023 - onwards
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339A. Threshold amounts

(1) In this section -

(a) subsections (2) to (6) apply for the purposes of sections 327(2C), 328(5) and 329(2C), and

(b) subsection (6A) applies for the purposes of sections 327(2D), 328(6) and 329(2D).

(2) The threshold amount for acts done by a deposit-taking body, electronic money institution or payment institution in operating an account is £1,000 unless a higher amount is specified under the following provisions of this section (in which event it is that higher amount).

(3) An officer of Revenue and Customs, or a constable, may specify the threshold amount for acts done by a deposit-taking body, electronic money institution or payment institution in operating an account -

(a) when he gives consent, or gives notice refusing consent, to the body's or institution's doing of an act mentioned in section 327(1), 328(1) or 329(1) in opening, or operating, the account or a related account, or

(b) on a request from the body or institution.

(4) Where the threshold amount for acts done in o

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