Banking Act 1979 (Exempt Transactions) (Amendment) (No. 2) Regulations 1980
| Jurisdiction | UK Non-devolved |
| Citation | SI 1980/346 |
| Year | 1980 |
1980 No. 346
BANKS AND BANKING
The Banking Act 1979 (Exempt Transactions) (Amendment) (No. 2) Regulations 19806thMarch 1980
10thMarch 1980
1stApril 1980
The Treasury, in exercise of the powers conferred upon them by sections 2(1) and (5) of the Banking Act 1979(a) and of all other powers enabling them in that behalf, hereby make the following regulations:—
Citation and commencement
1.—(1) These regulations may be cited as the Banking Act 1979 (Exempt Transactions) (Amendment) (No. 2) Regulations 1980.
(2) These regulations shall come into operation on 1st April 1980.
Interpretation
2. In these regulations the expression "the principal regulations" means the Banking Act 1979 (Exempt Transactions) Regulations 1979(b), and regulation 2 of the principal regulations shall apply for the purposes of these regulations as it applies for the purposes of those regulations.
Addition to principal regulations of regulation 12 and Schedule 2
3. The principal regulations shall be further amended as follows:—
(a) by the addition, after regulation 11, of the following new regulation:—
"Certain public undertakings
12. The acceptance by a body listed in Schedule 2 to these regulations of a deposit made by another such body is an exempt transaction.";
(b) by numbering the Schedule to the principal regulations as Schedule 1;
(c) by the addition, after Schedule 1, of the following new Schedule:—
(a) 1979 c. 37.
(b) S.I. 1979/1204, amended by S.I. 1980/345.
Regulation 12
"SCHEDULE 2
BODIES REFERRED TO IN REGULATION 12
British Aerospace.
The British Airports Authority.
The British Airways Board.
The British Broadcasting Corporation.
The British Gas Corporation.
The British National Oil Corporation.
The British Railways Board.
British Shipbuilders.
The British Steel Corporation.
The British Transport Docks Board.
The British Waterways Board.
The Central Electricity Generating Board.
The Commission for the New Towns.
An Area Board within the meaning of section 1(3) of the Electricity Act 1947(a).
The Electricity Council.
The North of Scotland Hydro-Electric Board.
The Northern Ireland Electricity Service.
The Northern Ireland Housing Executive.
The South of Scotland Electricity Board.
The Housing Corporation.
The National Bus Company.
The National Coal Board.
The National Freight Corporation.
A development corporation established for the purposes of a new town by an order made under section 2(1) of the New Towns Act 1965(b) or section 2(1) of the New Towns...
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