Explanatory note

This Order amends the Bills of Exchange Act 1882.

First, it inserts a new section 74A into the Act to allow cheques to be presented at an address specified by the paying bank in the London, Edinburgh and Belfast Gazettes.

Second, it inserts a new section 74B into the Act to enable cheques to be presented for payment by notification of their essential features by electronic means or otherwise, rather than by physical presentment. It also inserts a new section 74C to disapply section 52(4) of the 1882 Act, which concerns the duties of holders of bills, to cheques presented as provided by section 74B.

Third, it amends section 3 of the Cheques Act 1957 to allow a certified copy of an unindorsed cheque to be accepted as evidence of receipt of payment.