Banking Act 1987 (repealed)
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Change 1
50 The Deposit Protection Board.
(1) The body corporate known as the Deposit Protection Board and the Fund known as the Deposit Protection Fund established by section 21 of the Banking Act 1979 shall continue to exist. (2) The Deposit Protection Board (in this Part of this Act referred to as “the Board”) shall— (a) hold, manage and apply the Fund in accordance with the provisions of this Part of this Act; (b) levy contributions for the Fund, in accordance with those provisions, from contributory institutions.; and (c) have such other functions as are conferred on the Board by those provisions. (3) Schedule 4 to this Act shall have effect with respect to the Board.
50 The Deposit Protection Board.
(1) The body corporate known as the Deposit Protection Board and the Fund known as the Deposit Protection Fund established by section 21 of the Banking Act 1979 shall continue to exist. (2) The Deposit Protection Board (in this Part of this Act referred to as “the Board”) shall— (a) hold, manage and apply the Fund in accordance with the provisions of this Part of this Act; (b) levy contributions for the Fund, in accordance with those provisions, from contributory institutions.; and (c) have such other functions as are conferred on the Board by those provisions. (3) Schedule 4 to this Act shall have effect with respect to the Board.
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