UK Statutory Instrument SI 1997/817 United Kingdom

The Banking Act 1987 (Exempt Transactions) Regulations 1997

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person3

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Any Person — also bound by 2340 other Acts

What it requires

Regulations 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.

sch. 1 NOW THIS DEED WITNESSETH AND IT IS HEREBY DECLARED as follows: Regulated
  • Notify depositors and advertise when leaving the deposit protection schemeAny Person
sch. 4 GENERAL Regulated
  • Ensure your interest-bearing deposit advertisements comply with the Code and protect consumersAny Person
20 other provisions — procedural and definitional
s.001 Citation, commencement and interpretation
s.001 GENERAL (opens in a new tab)
s.002 Exempt transactions
s.002 Paragraphs 31(b) and 32 of the Code refer to the... (opens in a new tab)
s.003 Charities
s.003 USE OF FORMULA (opens in a new tab)
s.004 Church deposit funds
s.004 ASSUMPTIONS FOR CALCULATIONS (opens in a new tab)
s.005 Industrial and provident societies
s.006 Agricultural, forestry and fisheries associations
s.007 Retail and other co-operative societies
s.008 Solicitors
s.009 Deposits accepted in the course of estate agency work
s.010 Certain public undertakings
s.011 Student Loans Company Limited
s.012 The National Children’s Charities Fund
s.013 Relevant debt securities
s.014 Requirements applying to relevant debt securities
s.015 Authorised and exempted persons under the Financial Services Act 1986 and European investment firms
s.016 Revocation
Schedules

Schedules

1 of 63 shown
s.sch004 CREDIT LIMITS Regulated
  • Keep deposits within your credit limitAny Person
62 other schedules
s.sch001 NOW THIS DEED WITNESSETH AND IT IS HEREBY DECLARED as follows:
s.sch001 (1) Any Participating Society may apply to leave the Scheme...
s.sch001 (1) The Scheme shall continue in force, unless earlier terminated,...
s.sch001 (1) Upon termination of the Scheme and in any event...
s.sch001 (1) All monies in the Fund shall be held by...
s.sch001 (1) The Bank may act as bankers to this Scheme...
s.sch001 (1) This clause applies where the Board consider that a...
s.sch001 (1) Subject to sub-paragraphs (2) and (3) below, in this...
s.sch001 (1) The Union and the Bank hereby agree and declare...
s.sch001 (1) The Fund shall consist of: (a) joining and supplementary...
s.sch001 (1) Societies which are or are seeking to be Participating...
s.sch001 (1) A Participating Society shall for the purpose of this...
s.sch001 (1) For the purposes of clauses 6 and 8 hereof...
s.sch001 (1) Where a Society has become insolvent or is by...
s.sch001 It is the duty of the Union to maintain the...
s.sch002 NOTE
s.sch003 Not less than 28 days before giving an Expulsion Notice...
s.sch003 The Board shall consider any representations with respect to the...
s.sch003 (i) On giving an Expulsion Notice the Board shall serve...
s.sch003 A copy Notice under this Schedule may be served on...
s.sch003 Failure to serve a copy Notice under this Schedule on...
s.sch004 Participating Societies should issue to their members and customers, if...
s.sch004 Participating Societies will not close the accounts of any members...
s.sch004 INTEREST
s.sch004 Participating Societies will tell members and customers the interest rates...
s.sch004 When Participating Societies change interest rates with immediate effect they...
s.sch004 CONFIDENTIALITY
s.sch004 Participating Societies will not use exception (iii) above to justify...
s.sch004 Participating Societies will at all times comply with the Data...
s.sch004 MARKETING OF SERVICES
s.sch004 Participating Societies will give new members and customers at the...
s.sch004 BACKGROUND
s.sch004 PREFACE TO THE CODE
s.sch004 INTRODUCTION
s.sch004 The Code is written to promote good practice in the...
s.sch004 Participating Societies will remind members and customers from time to...
s.sch004 Participating Societies will not use direct mail indiscriminately and in...
s.sch004 Participating Societies in their advertising and promotional material will tell...
s.sch004 Participating Societies will act responsibly and prudently in marketing their...
s.sch004 CORPORATE GOVERNANCE—CODE OF BEST PRACTICE
s.sch004 GENERAL
s.sch004 Advertisements must comply with the spirit and letter of this...
s.sch004 Advertisements must state that in the event of the offering...
s.sch004 Advertisers of interest bearing deposits must take special care to...
s.sch004 The Code is in two parts— Part A—This Part relates...
s.sch004 The registered or business name (and, in the case of...
s.sch004 INTEREST RATES
s.sch004 It follows from paragraph 31 that all advertisements in which...
s.sch004 Advertisements quoting a rate of interest must contain a specific...
s.sch004 Advertisements quoting a rate of interest which are intended for...
s.sch004 The explanatory phrases and statements required by this Code must...
s.sch004 NOTICE OF RATES
s.sch004 TERMS AND CONDITIONS
s.sch004 Advertisements which invite deposits by immediate coupon response must—
s.sch004 The governing principles of the Code are:
s.sch004 The Code requires Participating Societies to provide certain information to...
s.sch004 OPENING AN ACCOUNT
s.sch004 Participating Societies will provide to prospective investors details of the...
s.sch004 TERMS AND CONDITIONS
s.sch004 Participating Societies will tell members and customers how any variation...
s.schedule/4/part/b/paragraph/1n4 SUPPLEMENT TO THE CODE
s.schedule/4/part/b/paragraph/1n5 RULES FOR CALCULATION OF COMPOUNDED ANNUAL RATES

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