{
  "url": "https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-1/paragraph-4",
  "json_url": "https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-1/paragraph-4.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/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": "NOW THIS DEED WITNESSETH AND IT IS HEREBY DECLARED as follows:",
  "text": "(1) The Fund shall consist of:\n(a) joining and supplementary contributions as hereafter mentioned;\n(b) monies borrowed for the purposes of the Fund;\n(c) interest and dividends from investments;\n(d) dividends recovered in any liquidation;\n(e) the investments, property and other assets representing from time to time the above or any of them.\n(2) There shall be chargeable to the Fund:\n(a) payments to meet the banking administrative and management expenses of the Union and/or the Bank in accordance with sub clause 3(6) above and clause 14 hereof;\n(b) refunds to Participating Societies as hereinafter provided;\n(c) moneys required for the repayment of borrowings and any interest thereon;\n(d) payments to depositors in respect of protected deposits as hereinafter provided.",
  "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/paragraph/4",
    "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."
}