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The Banking Act 1987 (Exempt Transactions) Regulations 1997
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- UK Statutory Instruments
- 1997 No. 817
- Regulation 2
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Exempt transactions
2. The transactions referred to in the following regulations are prescribed for the purposes of section 4(4) of the Act as transactions to which the prohibition in section 3 of the Act on the acceptance of a deposit does not apply. Such transactions are referred to in these Regulations as “exempt transactions”.
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