The Banking Act 1979 (Exempt Transactions) (Amendment) Regulations 1987

• Citation: S.I. 1987/65
• Sections: 2

Section 1

These Regulations may be cited as the Banking Act 1979 (Exempt Transactions) (Amendment) Regulations 1987 and shall come into force on 16th February 1987.

Section 2

(1) The Banking Act 1979 (Exempt Transactions) Regulations 1986 shall be amended as follows.

(2) In Regulation 1(2) (interpretation)—

(a) for the definition of “company” there shall be substituted—

“company” means a body corporate, including a body corporate constituted under the law of a country or territory outside the United Kingdom;

(b) after the definition of “the Listing Regulations” there shall be inserted—

“the listing rules” means any rules made pursuant to section 142(6) of the Financial Services Act 1986 ;

(3) In Regulation 14 (sterling debt securities)—

(a) in sub-paragraph (a)(i) for the words “Listing Regulations” there shall be substituted the words “listing rules”, and

(b) in sub-paragraph (c)(i) after the words “Listing Regulations” in both places where they occur there shall be inserted the words “or (as the case may be) the listing rules”.

(4) In Regulation 15(e)(iii) (sterling commercial paper)—

(a) for the words “Listing Regulations” where they first occur there shall be substituted the words “listing rules”, and

(b) after the words “Listing Regulations” where they next occur there shall be inserted the words “or (as the case may be) the listing rules”.