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Co-operative and Community Benefit Societies Act 2014
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- UK Public General Acts
- 2014 c. 14
- Part 6
- Banking
- Section 69
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69Society carrying on banking must display statementE+W+S
(1)A registered society which carries on the business of banking must display a statement complying with section 70 in a conspicuous position in—
(a)its registered office, and
(b)every other office or place of business belonging to the society where the business of banking is carried on.
(2)Section 67(2) (taking of deposits below limits specified there not to be treated as carrying on the business of banking) applies for the purposes of this section.
(3)A registered society which fails to comply with this section commits an offence and is liable on summary conviction to a fine not exceeding level 1 on the standard scale.
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