These Regulations may be cited as the Banking Act 1987 (Exempt Transactions) (Amendment No. 2) Regulations 1990 and shall come into force on 30th May 1990.
Regulation 7(2)(b) of the Banking Act (Exempt Transactions) Regulations 1988 shall be amended by deleting the word “either”, substituting the word “or” for the word “and” at the end of paragraph (ii) and inserting the following new paragraph—“iii the principal business of the society is the sale of goods or the provision of services to societies fulfilling the requirements of paragraph (i) above, and ”
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