# The Banking Act 1987 (Exempt Transactions) Regulations 1997, Paragraph 6: OPENING AN ACCOUNT


Participating Societies will satisfy themselves about the identity of any persons seeking to open an account to assist in protecting their members and customers and themselves against fraud and other mis-use of their investment services.

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Source: https://www.legislation.gov.uk/uksi/1997/817/schedule/4/paragraph/6 (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-4/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.