Banking Act 1987 (repealed)

Contents

1,702 provisions, too many to show on one page. Open a part or section to read it with its history and connections, or search inside the text.

1. Part I · Regulation of Deposit-Taking Business
   1. Appeals
   2. Authorisations
   3. Directions
   4. Information
   5. Investigations
   6. Accounts and auditors
   7. Invitations to make deposits
   8. Objections to controllers
   9. Restriction on acceptance of deposits
   10. The Bank of England and the Board of Banking Supervision
   11. Unauthorised acceptance of deposits
2. Part II · The Deposit Protection Scheme
   1. Contributions to the Fund
   2. Payments out of the Fund
   3. Repayments in respect of contributions
   4. Supplementary provisions
   5. The Board and the Fund
3. Part III · Banking Names and Descriptions
   1. 67 Restriction on use of banking names.
   2. 68 Exemptions from s. 67.
   3. 69 Restriction on use of banking descriptions.
   4. 70 Power to object to institution’s names.
   5. 71 Effect of notices under s. 70 and appeals.
   6. 72 Registration of substitute corporate name by oversea company.
   7. 73 Offences under Part III.
4. Part IV · Overseas Institutions with Representative Offices
   1. 74 Meaning of “overseas institution” and “representative office”.
   2. 75 Notice of establishment of representative office.
   3. 76 Power to object to names of overseas institutions.
   4. 77 Effect of notices under s. 76 and appeals.
   5. 78 Registration of substitute corporate name by overseas institution.
   6. 79 Duty to provide information and documents.
   7. 80 Regulations imposing requirements on overseas-based banks.
   8. 81 Offences under Part IV.
5. Part V · Restriction on Disclosure of Information
   1. 82 Restricted information.
   2. 83 Disclosure for facilitating discharge of functions by the Bank.
   3. 84 Obstruction of investigations.
   4. 85 Objection by direction of the Treasury.
   5. 86 Information supplied to Bank by relevant overseas authority etc.
   6. 87 Notification of acquisition of significant shareholding.
6. Part VI · Miscellaneous and Supplementary
   1. 88 Exclusion of authorised institution’s agreements from Consumer Credit Act 1974.
   2. 89 Electronic transfer of funds.
   3. 90 Disclosure of transactions by authorised institutions with chief executives and managers.
   4. 91 Powers for securing reciprocal facilities for banking and other financial business.1986 c. 60.
   5. 92 Winding up on petition from the Authority.
   6. 93 Injunctions.
   7. 94 False and misleading information.
   8. 95 Restriction of Rehabilitation of Offenders Act 1974.
   9. 96 Offences.
   10. 97 Summary proceedings.
   11. 98 Offences committed by unincorporated associations.
   12. 99 Service of notices on the Authority.
   13. 100 Service of other notices.
   14. 101 Evidence.
   15. 102 Powers for securing reciprocal facilities for banking and other financial business.
   16. 103 Municipal banks.
   17. 104 Scottish 1819 savings banks.
   18. 105 Meaning of “director”, “controller”, “manager”, and “associate”.
   19. 105A Meaning of related company.
   20. 106 Interpretation.
   21. 107 Transitional provisions.
   22. 108 Minor and consequential amendments, repeals and revocations.
   23. 109 Northern Ireland.
   24. 110 Short title and commencement.
7. Schedule 1 · The Board of Banking Supervision
   1. Terms of office
   2. Removal from office
   3. Increase in number of members
   4. Proceedings
   5. Facilities, remuneration and allowances
8. Schedule 2 · Exempted Persons
   1. (1) The central bank of a member State other than the...
   2. (2) The National Savings Bank.
   3. (3) A penny savings bank.
   4. (4) A municipal bank.
   5. (5) A building society incorporated (or deemed to be incorporated) under...
   6. (6) (1) A friendly society within the meaning of section 7(1)(a)...
   7. (7) A society registered under either of the Acts mentioned in...
   8. (8) (1) Any institution which is for the time being authorised...
   9. (9) A loan society whose rules are certified, deposited and enrolled...
   10. (10) A credit union within the meaning of the Credit Unions...
   11. (11) A body of persons certified as a school bank by...
   12. (12) A local authority.
   13. (13) Any other body which by virtue of any enactment has...
   14. (14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   15. (14A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
   16. (15) The European Atomic Energy Community.
   17. (16) The European Coal and Steel Community.
   18. (17) The European Economic Community.
   19. (18) The European Investment Bank.
   20. (19) The International Bank for Reconstruction and Development.
   21. (20) The International Finance Corporation.
   22. (21) The International Monetary Fund.
   23. (22) The African Development Bank.
   24. (23) The Asian Development Bank.
   25. (24) The Caribbean Development Bank.
   26. (25) The Inter-American Development Bank.
   27. (26) The European Bank for Reconstruction and Development.
9. Schedule 3 · Minimum Criteria for Authorisation
   1. Directors etc. to be fit and proper persons
   2. Business to be directed by at least two individuals
   3. Composition of board of directors
   4. Business to be conducted in prudent manner
   5. Integrity and skill
   6. Minimum net assets
10. Schedule 4 · The Deposit Protection Board
    1. Constitution
    2. Expenses
    3. Proceedings
    4. Accounts, audit and annual report
11. Schedule 5 · Transitional Provisions
    1. First report by Bank of England
    2. Existing recognised banks and licensed institutions
    3. Conditional licences
    4. Applications subject to appeal
    5. Revocation
    6. Directions
    7. Information and investigations
    8. Members of Deposit Protection Board
    9. Initial contributions by excluded institutions
    10. Maximum contributions
    11. Insolvencies before commencement of Part II
    12. Borrowing
    13. Use of banking names
    14. Restriction on disclosure of information
12. Schedule 6 · Minor and Consequential Amendments
    1. The Bankers’ Books Evidence Act 1879
    2. The Agricultural Credits Act 1928
    3. The Agricultural Credits (Scotland) Act 1929
    4. The Tribunals and Inquiries Act 1971
    5. The Solicitors Act 1974
    6. The Home Purchase Assistance and Housing Corporation Guarantee Act 1978
    7. The Credit Unions Act 1979
    8. The Crown Agents Act 1979
    9. The Solicitors (Scotland) Act 1980
    10. The British Telecommunications Act 1981
    11. The Supreme Court Act 1981
    12. The Housing (Northern Ireland) Order 1981
    13. The Finance Act 1982
    14. The Duchy of Cornwall Management Act 1982
    15. The County Courts Act 1984
    16. The Inheritance Tax Act 1984
    17. The Companies Act 1985
    18. The Trustee Savings Banks Act 1985
    19. The Bankruptcy (Scotland) Act 1985
    20. The Housing Act 1985
    21. The Housing Associations Act 1985
    22. The Credit Unions (Northern Ireland) Order 1985
    23. The Finance Act 1986
    24. The Insolvency Act 1986
    25. The Building Societies Act 1986
    26. The Financial Services Act 1986
    27. The Companies (Northern Ireland) Order 1986
13. Schedule 7 · Repeals and Revocations
    1. Part I Enactments
    2. Part II Instruments