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.
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.
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