Banking Act 1979

Section 2.

SCHEDULE 1 Exceptions from Prohibition in Section 1

1 The central bank of each member State other than the United Kingdom.

2 The National Savings Bank.

3 The Post Office.

4 A trustee savings bank or penny savings bank.

5 A municipal bank.

6 A building society within the meaning of the [1962 c. 37.] Building Societies Art 1962 or the [1967 c. 31 (N.I.).] Building Societies Act (Northern Ireland) 1967.

7 A society which is registered within the meaning of the [1974 c. 46.] Friendly Societies Act 1974 or is registered or deemed to be registered under the [1970 c. 31 (N.I.).] Friendly Societies Act (Northern Ireland) 1970.

8 Any institution or unincorporated institution which is for the time being authorised, by virtue of section 3 of the [1974 c. 49.] Insurance Companies Act 1974 or Article 7 of the [S.I. 1976/59 (N.I. 3).] Insurance Companies (Northern Ireland) Order 1976, to carry on insurance business of a class relevant for the purposes of Part I of that Act or, as the case may be, Part II of that Order.

9 A member of The Stock Exchange in the course of business as a stockbroker or stockjobber.

10 A loan society whose rules are certified, deposited and enrolled in accordance with the [1840 c. 110.] Loan Societies Act 1840.

11 A credit union within the meaning of the [1969 c. 24 (N.I.).] Industrial and Provident Societies Act (Northern Ireland) 1969 or the [1979 c. 34.] Credit Unions Art 1979.

12 A body of persons certified as a school bank by a trustee savings bank, the National Savings Bank or a recognised bank.

13 A local authority.

14 Any other body which by virtue of any enactment has power to issue a precept to a local authority in England or Wales, or a requisition to a local authority in Scotland.