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The Banking Act 1987 (Exempt Transactions) (Amendment No. 2) Regulations 1991

S.I. 1991/2168 · Made 19 September 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 19th September 1991

Laid before Parliament 1st October 1991

Coming into force 2nd October 1991

The Treasury, in exercise of the powers conferred upon them by section 4(4), (5) and (6) of the Banking Act 1987f1 and of all other powers enabling them in that behalf, hereby make the following Regulations:

Annotations to the whole text

Footnotes

f1

1987 c. 22.

Contents

  1. 1Citation and commencement
  2. 2Amendment of principal Regulations
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Banking Act 1987 (Exempt Transactions) (Amendment No. 2) Regulations 1991 and shall come into force on 2nd October 1991.

2Amendment of principal Regulations

The Banking Act 1987 (Exempt Transactions) Regulations 1988f1 shall be amended as follows:

(a)

in regulation 1(2) the definition of “the Council” shall be deleted; and

(b)

in regulation 13(a) for the words “the Council” in each place where they occur there shall be substituted the words “The Stock Exchange”.

Signature

Sydney Chapman

Irvine Patnick

Two of the Lords Commissioners of Her Majesty’s Treasury

19th September 1991

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the Banking Act 1987 (Exempt Transactions) Regulations 1988. They replace references to “the Council of The Stock Exchange” with references to “The Stock Exchange” (defined in regulation 1(2) to mean the International Stock Exchange of the United Kingdom and Republic of Ireland Limited) consequent on a change in the constitution of The Stock Exchange.