The Banking Act 1979 (Advertisements)(Amendment) Regulations 1987

Statutory Instruments

1987 No. 64

BANKS AND BANKING

The Banking Act 1979 (Advertisements)(Amendment) Regulations 1987

Made

22nd January 1987

Laid before Parliament

26th January 1987

Coming into force

16th February 1987

The Treasury, in exercise of the powers conferred upon them by section 34(1) and (2) of the Banking Act 1979(1) and of all other powers enabling them in that behalf, and after consultation with the Bank of England, hereby make the following Regulations:—

1.  These Regulations may be cited as The Banking Act 1979 (Advertisements) (Amendment) Regulations 1987 and shall come into force on 16th February 1987.

2.  The Banking Act 1979 (Advertisements) Regulations 1985(2) shall be amended in Regulation 2(4)(e) by inserting after the words “The Stock Exchange (Listing) Regulations 1984”(3) the words “or (as the case may be) for the purposes of any listing rules made pursuant to section 142(6) of the Financial Services Act 1986,”(4).

Tim Sainsbury

Michael Neubert

Two of the Lords Commissioners of Her Majesty`s Treasury

22nd January 1987

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend the Banking Act 1979 (Advertisements) Regulations 1985 in Regulation 2(4)(e), which disapplies the 1985 Regulations in relation to any issue of an application form for securities if there is provided with it a statement of the approved listing particulars for the purposes of the Stock Exchange (Listing) Regulations 1984 (S.I. 1984/716) or the form shows where such particulars can be obtained or inspected. Reference is now made to such particulars for the purposes of the 1984 Regulations or, as the case may be, of any listing rules made pursuant to section 142(6) of the Financial Services Act 1986 (c. 60). With effect from 16th February 1987 such rules will for certain purposes supersede the 1984 Regulations, and reference in Regulation 2(4)(e) to both the rules and those Regulations is made to cover transitional cases.

(1)

1979 c. 37.

(2)

S.I. 1985/220.

(3)

S.I. 1984/716.

(4)

1986 c. 60.