# The Banking Act 1987 (Exempt Transactions) (Amendment) Regulations 2000

S.I. 2000/635 · made 7 March 2000

These Regulations revoke regulation 7 of, and Schedule 1 to, the Banking Act 1987 (Exempt Transactions) Regulations 1997. The effect is that the acceptance of deposits by certain retail and other co-operative societies is no longer exempt from the prohibition on the acceptance of deposits in section 3 of the Banking Act 1987 by virtue of the society’s participation in the Co-operative Deposit Protection Scheme.

Made under: Banking Act 1987 (repealed) (Section 4)

PDFs: Printed copy https://openlegislation.uk/banking-act-1987-exempt-transactions-amendment-regulations-2000/pdf/uksi_20000635_en.pdf

## Introductory text

BANKS AND BANKING
Made 7th March 2000
Laid before Parliament 8th March 2000
Coming into force 1st April 2000
The Treasury, in exercise of the powers conferred on them by section 4(4) of the Banking Act 1987, hereby make the following Regulations:

## 1 Citation and commencement

These Regulations may be cited as the Banking Act 1987 (Exempt Transactions) (Amendment) Regulations 2000 and shall come into force on 1st April 2000.

## 2 Revocation

Regulation 7 of, and Schedule 1 to, the Banking Act 1987 (Exempt Transactions) Regulations 1997 are hereby revoked.

## Signature

Greg Pope
Bob Ainsworth
Two of the Lords Commissioners of Her Majesty’s Treasury
7th March 2000

## Explanatory note

(This note is not part of the Regulations)
These Regulations revoke regulation 7 of, and Schedule 1 to, the Banking Act 1987 (Exempt Transactions) Regulations 1997. The effect is that the acceptance of deposits by certain retail and other co-operative societies is no longer exempt from the prohibition on the acceptance of deposits in section 3 of the Banking Act 1987 by virtue of the society’s participation in the Co-operative Deposit Protection Scheme.

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Source: https://www.legislation.gov.uk/uksi/2000/635 (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-amendment-regulations-2000
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.