| Guvnor

Status: Partially Repealed

What it defines

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Regulation of Deposit-Taking Business

0 of 50 sections shown

50 other sections in this Part — procedural and definitional

s.001 Functions and duties of the Bank of England.

s.002 The Board of Banking Supervision.

s.003 Restriction on acceptance of deposits.

s.004 Exempted persons and exempted transactions.

s.005 Meaning of “deposit”.

s.006 Meaning of “deposit-taking business”.

s.007 Power to amend definitions.

s.008 Applications for authorisation.

s.009 Grant and refusal of authorisation.

s.010 Notice of grant or refusal.

s.011 Revocation of authorisation.

s.012 Restriction of authorisation.

s.012 Revocation or restriction on information from supervisory authority.

s.013 Notice of revocation or restriction.

s.014 Mandatory revocation and restriction in cases of urgency.

s.015 Surrender of authorisation.

s.016 Statement of principles.

s.017 Information as to authorised institutions.

s.018 False statements as to authorised status.

s.019 Directions to institutions.

s.020 Notification and confirmation of directions.

s.021 Notification of new or increased control.

s.022 Objection to new or increased control.

s.023 Objection by direction of the Treasury.

s.024 Objection to existing shareholder controller.

s.025 Contraventions by controller.

s.026 Restrictions on and sale of shares.

s.027 Rights of appeal.

s.028 Constitution of tribunals.

s.029 Determination of appeals.

s.030 Costs, procedure and evidence.

s.031 Further appeals on points of law.

s.032 Advertisement regulations.

s.033 Advertisement directions.

s.034 Unsolicited calls.

s.035 Fraudulent inducement to make a deposit.

s.036 Notification of change of director, controller or manager.

s.037 Notification of acquisition of significant shareholding.

s.038 Reports of large exposures.

s.039 Power to obtain information and require production of documents.

s.040 Right of entry to obtain information and documents.

s.041 Investigations on behalf of the Authority.

s.042 Investigation of suspected contraventions.

s.043 Powers of entry in cases of suspected contraventions.

s.044 Obstruction of investigations.

s.045 Audited accounts to be open to inspection.

s.046 Notification in respect of auditors.

s.047 Communication by auditor

s.048 Repayment of unauthorised deposits.

s.049 Profits from unauthorised deposits.

Part 2

The Deposit Protection Scheme

0 of 17 sections shown

17 other sections in this Part — procedural and definitional

s.050 The Deposit Protection Board.

s.051 The Deposit Protection Fund.

s.052 Contributory institutions and general provisions as to contributions.

s.053 Initial contributions.

s.054 Further contributions.

s.055 Special contributions.

s.056 Maximum and minimum contributions.

s.057 Deposit base of transferee institutions.

s.058 Compensation payments to depositors.

s.059 Meaning of insolvency etc.

s.060 Protected deposits.

s.061 Trustee deposits, joint deposits etc.

s.062 Liability of institution in respect of compensation payments.

s.063 Repayments in respect of contributions.

s.064 Borrowing powers.

s.065 Power to obtain information.

s.066 Tax treatment of contributions and repayments.

Part 3

Banking Names and Descriptions

0 of 7 sections shown

7 other sections in this Part — procedural and definitional

s.067 Restriction on use of banking names.

s.068 Exemptions from s. 67.

s.069 Restriction on use of banking descriptions.

s.070 Power to object to institution’s names.

s.071 Effect of notices under s. 70 and appeals.

s.072 Registration of substitute corporate name by oversea company.

s.073 Offences under Part III.

Part 4

Overseas Institutions with Representative Offices

0 of 8 sections shown

8 other sections in this Part — procedural and definitional

s.074 Meaning of “overseas institution” and “representative office”.

s.075 Notice of establishment of representative office.

s.076 Power to object to names of overseas institutions.

s.077 Effect of notices under s. 76 and appeals.

s.078 Registration of substitute corporate name by overseas institution.

s.079 Duty to provide information and documents.

s.080 Regulations imposing requirements on overseas-based banks.

s.081 Offences under Part IV.

Part 5

Restriction on Disclosure of Information

0 of 6 sections shown

6 other sections in this Part — procedural and definitional

s.082 Restricted information.

s.083 Disclosure for facilitating discharge of functions by the Bank.

s.084 Obstruction of investigations.

s.085 Objection by direction of the Treasury.

s.086 Information supplied to Bank by relevant overseas authority etc.

s.087 Notification of acquisition of significant shareholding.

Part 6

Miscellaneous and Supplementary

0 of 24 sections shown

24 other sections in this Part — procedural and definitional

s.088 Exclusion of authorised institution’s agreements from Consumer Credit Act 1974.

s.089 Electronic transfer of funds.

s.090 Disclosure of transactions by authorised institutions with chief executives and managers.

s.091 Powers for securing reciprocal facilities for banking and other financial business.1986 c. 60.

s.092 Winding up on petition from the Authority.

s.093 Injunctions.

s.094 False and misleading information.

s.095 Restriction of Rehabilitation of Offenders Act 1974.

s.096 Offences.

s.097 Summary proceedings.

s.098 Offences committed by unincorporated associations.

s.099 Service of notices on the Authority.

s.100 Service of other notices.

s.101 Evidence.

s.102 Powers for securing reciprocal facilities for banking and other financial business.

s.103 Municipal banks.

s.104 Scottish 1819 savings banks.

s.105 Meaning of “director”, “controller”, “manager”, and “associate”.

s.105 Meaning of related company.

s.106 Interpretation.

s.107 Transitional provisions.

s.108 Minor and consequential amendments, repeals and revocations.

s.109 Northern Ireland.

s.110 Short title and commencement.

Schedules

0 of 85 shown

85 other schedules

s.sch001 (1) The independent members of the Board shall hold office...

s.sch001 An independent member may be removed by the Authority with...

s.sch001 (1) The Treasury may, after consultation with the Authority, by...

s.sch001 (1) The quorum for a meeting of the Board shall...

s.sch001 The Authority shall make such provision as it thinks necessary...

s.sch002 The central bank of a member State other than the...

s.sch002 A credit union within the meaning of the Credit Unions...

s.sch002 A body of persons certified as a school bank by...

s.sch002 A local authority.

s.sch002 Any other body which by virtue of any enactment has...

s.sch002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s.sch002 The European Atomic Energy Community.

s.sch002 The European Coal and Steel Community.

s.sch002 The European Economic Community.

s.sch002 The European Investment Bank.

s.sch002 The International Bank for Reconstruction and Development.

s.sch002 The National Savings Bank.

s.sch002 The International Finance Corporation.

s.sch002 The International Monetary Fund.

s.sch002 The African Development Bank.

s.sch002 The Asian Development Bank.

s.sch002 The Caribbean Development Bank.

s.sch002 The Inter-American Development Bank.

s.sch002 The European Bank for Reconstruction and Development.

s.sch002 A penny savings bank.

s.sch002 A municipal bank.

s.sch002 A building society incorporated (or deemed to be incorporated) under...

s.sch002 (1) A friendly society within the meaning of section 7(1)(a)...

s.sch002 A society registered under either of the Acts mentioned in...

s.sch002 (1) Any institution which is for the time being authorised...

s.sch002 A loan society whose rules are certified, deposited and enrolled...

s.sch003 (1) Every person who is, or is to be, a...

s.sch003 At least two individuals effectively direct the business of the...

s.sch003 In the case of an institution incorporated in the United...

s.sch003 (1) The institution conducts, or, in the case of an...

s.sch003 The business of the institution is or, in the case...

s.sch003 (1) The institution will at the time when authorisation is...

s.sch004 (1) The Board shall consist of three ex officio members,...

s.sch004 The Board may pay to its members such allowances in...

s.sch004 (1) The Board shall determine its own procedure, including the...

s.sch004 (1) The fixing of the common seal of the Board...

s.sch004 (1) The Board may determine its own financial year.

s.sch005 If this Act comes into force in the course of...

s.sch005 For the purposes of section 56(3) of this Act there...

s.sch005 This Act does not affect the operation of sections 28...

s.sch005 Any sum borrowed by virtue of section 26(3) of the...

s.sch005 (1) Subject to sub-paragraph (2) below, section 67 of this...

s.sch005 In section 82(1) of this Act the reference to information...

s.sch005 (1) Any institution (within the meaning of this Act) which...

s.sch005 (1) Any conditional licence in force under the former Act...

s.sch005 (1) Where an application for recognition or a licence under...

s.sch005 (1) Where the Bank has given an institution a notice...

s.sch005 (1) The repeal of the former Act shall not affect...

s.sch005 Any person who is an ordinary member or alternate member...

s.sch005 (1) On or as soon as possible after the coming...

s.sch006 (1) For subsection (1)(a) of section 9 of the Bankers’...

s.sch006 In the definition of “bank” in section 67(4) of the...

s.sch006 In section 40(6) of the Supreme Court Act 1981 for...

s.sch006 In Schedule 10 to the Housing (Northern Ireland) Order 1981...

s.sch006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s.sch006 In section 6 of the Duchy of Cornwall Management Act...

s.sch006 In the definition of “deposit-taking institution” in section 147(1) of...

s.sch006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s.sch006 (1) In section 209(5)(a)(i) of the Companies Act 1985 for...

s.sch006 In paragraph 11 of Schedule 1 to the Trustee Savings...

s.sch006 (1) In the definition of “Bank” in section 5(7) of...

s.sch006 In section 73(1) of the Bankruptcy (Scotland) Act 1985 for...

s.sch006 In the definition of “bank” in section 622 of the...

s.sch006 In the definition of “ bank ” in section 106(1)...

s.sch006 (1) In the definition of “authorised bank” in Article 2(2)...

s.sch006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s.sch006 (1) For paragraph (b) of section 8(4) of the Insolvency...

s.sch006 (1) In section 18(17) of the Building Societies Act 1986...

s.sch006 (1) In section 75(6)(e) of the Financial Services Act 1986...

s.sch006 (1) In Article 2(3) of the Companies (Northern Ireland) Order...

s.sch006 (1) In the definition of “Bank” in section 9(2) of...

s.sch006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s.sch006 In paragraph (a) of the definition of “bank” in section...

s.sch006 In paragraph 7 of Part I of the Schedule to...

s.sch006 (1) In section 8 of the Credit Unions Act 1979...

s.sch006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s.sch006 In section 35(2) of the Solicitors (Scotland) Act 1980 for...

Connected legislation

Instruments made under this Act. They carry the detail the Act delegates.

The Banking Act 1987 (Exempt Transactions) (Amendment) Regulations 2000 SI 2000/635

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

BA 1987

What it defines

Regulation of Deposit-Taking Business

The Deposit Protection Scheme

Banking Names and Descriptions

Overseas Institutions with Representative Offices

Restriction on Disclosure of Information

Miscellaneous and Supplementary

Schedules

Connected legislation