# The Banking Act 1987 (Exempt Transactions) Regulations 1988, Regulation 5: Industrial and provident societies


The acceptance by an industrial and provident society of a deposit in the form of a withdrawable share capital is an exempt transaction.

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Source: https://www.legislation.gov.uk/uksi/1988/646/regulation/5 (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1988/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.