deposit-taking businesshas the meaning given in section 6 of the Banking Act 1987 but subject to any order under section 7 of that Act;
the principal Regulationsmeans the Local Government Superannuation Regulations 1986.
the standard ratemeans the rate 1% above either the base rate for the time being quoted by the reference banks or, where there is for the time being more than one such base rate, the rate which, when the base rate quoted by each bank is ranked in a descending sequence of seven, is fourth in the sequence at that time;