Search Legislation

Banking Act 1987 (repealed)

 Help about what version

What Version

 Help about advanced features

Advanced Features

Changes over time for: SCHEDULE 2

 Help about opening options

Version Superseded: 01/12/2001

Status:

Point in time view as at 01/06/1998.

Changes to legislation:

There are currently no known outstanding effects for the Banking Act 1987 (repealed), SCHEDULE 2. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

Section 4(1).

SCHEDULE 2U.K. Exempted Persons

1The central bank of a member State other than the United Kingdom.

2The National Savings Bank.

3A penny savings bank.

4A municipal bank.

5A building society incorporated (or deemed to be incorporated) under the M1Building Societies Act 1986.

Marginal Citations

6(1)A friendly society within the meaning of section 7(1)(a) of the M2Friendly Societies Act 1974 F1. . ..

(2)This paragraph applies only to the acceptance of deposits in the course of carrying out transactions permitted by the rules of the society.

Textual Amendments

Marginal Citations

7A society registered under either of the Acts mentioned in paragraph 6 above other than such a society as is there mentioned.

8(1)Any institution which is for the time being authorised under section 3 or 4 of the M3Insurance Companies Act 1982 to carry on insurance business of a class specified in Schedule 1 or 2 to that Act.

(2)This paragraph applies only to the acceptance of deposits in the course of carrying on the authorised insurance business.

Modifications etc. (not altering text)

Marginal Citations

9A loan society whose rules are certified, deposited and enrolled in accordance with the M4Loan Societies Act 1840.

Marginal Citations

10A credit union within the meaning of the M5Credit Unions Act 1979 or the M6Credit Unions (Northern Ireland) Order 1985.

11A body of persons certified as a school bank by the National Savings Bank or an authorised institution.

12A local authority.

13Any other body which by virtue of any enactment has power to issue a precept to a local authority in England or Wales or a requisition to a local authority in Scotland.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F214

Textual Amendments

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F314A

Textual Amendments

15The European Atomic Energy Community.

16The European Coal and Steel Community.

17The European Economic Community.

18The European Investment Bank.

19The International Bank for Reconstruction and Development.

20The International Finance Corporation.

21The International Monetary Fund.

22The African Development Bank.

23The Asian Development Bank.

24The Caribbean Development Bank.

25The Inter-American Development Bank.

[F426The European Bank for Reconstruction and Development.]

Textual Amendments

F4Entry added (28. 3. 1991) by S.I.1991/66, arts. 1, 3

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources