{
  "url": "https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-1",
  "json_url": "https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-1.json",
  "legislation": "uksi/1997/817",
  "legislation_title": "The Banking Act 1987 (Exempt Transactions) Regulations 1997",
  "legislation_url": "https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997",
  "path": "schedule/1",
  "kind": "schedule",
  "number": "1",
  "heading": "DEED ESTABLISHING THE CO-OPERATIVE DEPOSIT PROTECTION SCHEME",
  "text": "(As amended by qualifying resolutions of Participating Societies dated 29th May 1989 which also continued the Scheme in force for a further period of ten years after the initial period and by qualifying resolutions of Participating Societies dated 15th January 1997)\nTHIS DEED is made the 29th day of February 1980 between CO-OPERATIVE UNION LIMITED of Holyoake House Hanover Street Manchester (hereinafter called “the Union”) of the one part and CO-OPERATIVE BANK LIMITED of New Century House Corporation Street Manchester (hereinafter called “the Bank”) of the other part\nWHEREAS:\n(a) It is the purpose of this Deed to set up a scheme to grant certain protection on the terms and conditions and subject to the limitations hereinafter contained to persons who have deposited money with or who have withdrawable shares in a co-operative society in membership of the Union against the consequences of the insolvency of that society;\n(b) The Treasury is empowered by section 4(4) of the Banking Act 1987 to make regulations prescribing for the purpose of that Section certain transactions;\n(c) It is intended that a co-operative society so in membership which has elected to join the Scheme established by this Deed shall be able to have its taking of deposits so prescribed by the Treasury and that its withdrawable share capital shall be included within the definition of “Deposit” for the purposes of the Scheme.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affecting": "uksi/2000/635",
      "affecting_title": "The Banking Act 1987 (Exempt Transactions) (Amendment) Regulations 2000"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/817/schedule/1",
    "retrieved_at": "2026-10-29T12:20:50.611143+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}