# The Banking Act 1987 (Meaning of Deposit) Order 1991, Note: Explanatory note


(This note is not part of the Regulations)
This Order provides that for the purposes of sections 60, 61 and 62 of the Banking Act 1987 (which relate to the Deposit Protection Scheme) the definition of deposit in section 5 of that Act shall be treated as excluding any sum to which a person becomes entitled after a winding-up petition is presented (or an equivalent event occurs), or 30th July 1991, whichever is later.

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Source: https://www.legislation.gov.uk/uksi/1991/1776/note (the official version)
Page: https://openlegislation.uk/banking-act-1987-meaning-of-deposit-order-1991/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.