# The Banking Act 1987 (Exempt Transactions) (Amendment) Regulations 2000, Note: 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/note (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-amendment-regulations-2000/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.