1164 Meaning of “banking company” and “banking group”
Companies Act 2006 | Legislation

1164  Meaning of “banking company” and “banking group”

(1)     This section defines “banking company” and “banking group” for the purposes of the Companies Acts.

(2)     “Banking company” means a person who has permission under [Part 4A] of the Financial Services and Markets Act 2000 (c 8) to accept deposits, other than—

(a)     a person who is not a company, and

(b)     a person who has such permission only for the purpose of carrying on another regulated activity in accordance with permission under that Part.

(3)     The definition in subsection (2) must be read with section 22 of that Act, any relevant order

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