Banking Acts of 1979 and 1987

(redirected from Banking Act 1987)

Banking Acts of 1979 and 1987

Two pieces of legislation in the United Kingdom. Under both Acts, the Bank of England has regulatory responsibility for British financial institutions.
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On October 1, 1997, Northern Rock converted from a building society to a public limited company, listed on the London Stock Exchange and authorised under the Banking Act 1987.
All UK and Non-EEA incorporated institutions authorized under the Banking Act 1987 to accept deposits in the United Kingdom were required to join the Scheme.
The FSMA 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001 provides for FSCS to make repayments from money recovered under the Banking Act 1987 "to such persons, and in such amounts as [FSCS] considers fair and equitable in the circumstances, having regard to the payments made by such persons by way of contributions.
With a comprehensive list of satisfied clients, Rathbones Investment Management Limited is an authorised institution under the Banking Act 1987 and regulated by SFA, and is a leading light within the field of investment management.
First, they include only lending by institutions authorised under the Banking Act 1987.
He pled not guilty to inducing 15 named clients to deposit money with him by repeatedly and recklessly making misleading, false or deceptive promises or forecasts - contrary to the Banking Act 1987.
The fact that it was not a full bank, in terms of the Banking Act 1987, but a licensed deposit take, may have been a warning to sophisticated British bankers; but it meant little to an Asian newsagent who was likely to be reassured by its splendid buildings and its user-friendly style.
Canadian Imperial Bank of Commerce, an authorized institution under the Banking Act 1987, is the indirect majority shareholder of investment dealer Wood Gundy Inc.
Standard Bank London Limited is a fully authorized bank under the UK Banking Act 1987, having received its banking license in May 1992.
com Rathbone Investment Management Limited is an authorised institution under the Banking Act 1987 and regulated by SFA.
The Deposit Protection Scheme was established under the 1979 Banking Act, and continued under the Banking Act 1987.
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