# The Banking Act 1987 (Exempt Transactions) Regulations 1997, Regulation 4: Church deposit funds


(1) The acceptance by the Central Board of Finance of the Church of England of a deposit in the course of administering a deposit fund within the meaning of paragraph 1 of the scheme contained in the Schedule to the Church Funds Investment Measure 1958 is an exempt transaction.
(2) The acceptance by the Central Finance Board of the Methodist Church of a deposit in the course of administering a deposit fund within the meaning of paragraph 1 of the scheme contained in the First Schedule to the Methodist Church Funds Act 1960 is an exempt transaction.

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Source: https://www.legislation.gov.uk/uksi/1997/817/regulation/4 (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.