# The Banking Act 1987 (Exempt Transactions) Regulations 1997, Regulation 6: Agricultural, forestry and fisheries associations


(1) Without prejudice to regulation 5, the acceptance by an association to which section 33 of the Restrictive Trade Practices Act 1976 applies of a deposit by a member of that association is an exempt transaction.
(2) The reference in paragraph (1) above to a member of an association to which section 33 of the Restrictive Trade Practices Act 1976 applies includes a reference to—
(a) a member of any such association which is a member of that association; and
(b) a prospective member, provided that the deposit is made in order to qualify him for membership of the association.

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Source: https://www.legislation.gov.uk/uksi/1997/817/regulation/6 (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.