OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order provides that the prohibitions on the use of banking names and banking descriptions in sections 67(1) and 69(1) of the Banking Act 1987 do not apply to the European Bank for Reconstruction and Development and adds that bank to the list in Schedule 2 to that Act of persons exempted from section 3 of that Act (restriction on acceptance of deposits).