Regulation 2 Amendment of principal Regulations
Regulation 7(2)(b) of the Banking Act (Exempt Transactions) Regulations 1988f1 shall be amended by deleting the word “either”, substituting the word “or” for the word “and” at the end of paragraph (ii) and inserting the following new paragraph—
“(iii)the principal business of the society is the sale of goods or the provision of services to societies fulfilling the requirements of paragraph (i) above, and ”.