The Deposit Protection Fund (Excluded Institutions) Order 1986
Whereas the Treasury are satisfied, after consultation with the Deposit Protection Board, that sterling deposits with the United Kingdom offices of the Norddeutsche Landesbank Girozentrale (which is a body corporate formed under the law of the state of Lower Saxony in the Federal Republic of Germany) are as well protected under such law as they would be under Part II of the Banking Act 1979(a):

Now, therefore, the Treasury, in exercise of the powers conferred on them by section 23(2) of the ...