# The Banking Act 1987 (Exempt Transactions) (Amendment No. 2) Regulations 1990., Regulation 2: Amendment of principal Regulations


Regulation 7(2)(b) of the Banking Act (Exempt Transactions) Regulations 1988 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 ”.

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Source: https://www.legislation.gov.uk/uksi/1990/1018/regulation/2 (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-amendment-no-2-regulations-1990/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.