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The Banking Act 1987 (Exempt Persons) Order 1991

S.I. 1991/2734 · Made 27 November 1991

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

BANKS AND BANKING

Made 27th November 1991

Laid before Parliament 5th December 1991

Coming into force 26th December 1991

The Treasury, in exercise of the powers conferred on them by section 4(3) of the Banking Act 1987f1 and of all other powers enabling them in that behalf, and after consultation with the Bank of England, hereby order as follows:

Annotations to the whole text

Footnotes

f1

1987 c. 22.

Contents

  1. 1Citation and commencement
  2. 2Exemption
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Banking Act 1987 (Exempt Persons) Order 1991 and shall come into force on 26th December 1991.

2Exemption

Schedule 2 to the Banking Act 1987 shall be amended by the addition of the following new entry after the entry numbered “10”–

“10A
(1)

Keesler Federal Credit Union.

(2)

This paragraph applies only to the acceptance of deposits made by members, or dependants of members, of a visiting force of the United States of America, or by members, or dependants of members, of a civilian component of such a force, where “member”, “dependant”, “visiting force” and “member of a civilian component” have the meanings given to them by the Visiting Forces Act 1952f1.”.

Signature

Thomas Sackville

Nicholas Baker

Two of the Lords Commissioners of Her Majesty’s Treasury

27th November 1991

Explanatory note

(This note is not part of the Order)

This order adds Keesler Federal Credit Union to the list in Schedule 2 to the Banking Act 1987 of persons exempted from section 3 of that Act (restriction on acceptance of deposits) in respect of deposits made by members of U.S. forces, members of the civilian component of U.S. forces, and their dependants.