# The Banking Act 1987 (Advertisements) Regulations 1988, Regulation 1: Citation, commencement and interpretation


(1) These Regulations may be cited as the Banking Act 1987 (Advertisements) Regulations 1988.
(2) These Regulations shall come into force on 29th April 1988.
(3) In these Regulations, unless the context otherwise requires—
“controlled advertisement” means a deposit advertisement to which, in accordance with regulation 2 below, these Regulations apply;
“deposit-taker” means the person with whom the deposits which are invited by a deposit advertisement are to be made;
“full name” in respect of any person means the name under which that person carries on business and, if different and if that person is a body corporate, its corporate name;
“liabilities” includes provisions where such provisions have not been deducted from the value of assets;
(4) A reference in these Regulations to the payment of interest in respect of a deposit includes a reference to the payment of any premium in respect of a deposit, and to the crediting of interest to the deposit so as to constitute an accretion to the principal.
(5) For the purposes of these Regulations a deposit advertisement which contains information which is intended or might reasonably be presumed to be intended to lead directly or indirectly to the making of a deposit shall be treated as if it contained an invitation to make such deposit, and references to an invitation to make a deposit shall be construed accordingly.

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Source: https://www.legislation.gov.uk/uksi/1988/645/regulation/1 (the official version)
Page: https://openlegislation.uk/banking-act-1987-advertisements-regulations-1988/regulation-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.