Banks (Shareholdings) Regulations (Cth)
BANKS (SHAREHOLDINGS) REGULATIONS
(#DATE 24:12:1996)
(#DATE 24:12:1996)
- In force under the Banks (Shareholdings) Act 1972 - Updated as at 24 December 1996
BANKS (SHAREHOLDINGS) REGULATIONS
- TABLE OF PROVISIONSTABLE
TABLE OF PROVISIONS Regulation 1. Citation 2. Interpretation 3. Prescribed interest in shares for the purposes of paragraph 8 (9) (d) of the Act 4. Prescribed classes of persons for the purposes of paragraph 8 (9) (d) of the Act 5. Prescribed classes of persons and prescribed interests -paragraph 8 (9) (d) of the Act (brokers) 6. Prescribed classes of persons and prescribed interests -paragraph 8 (9) (d) of the Act (certain underwriters) 7. Prescribed persons and interests-paragraph 8 (9) (d) of the Act (authorised banks) 8. Prescribed interests and persons-paragraph 8 (9) (d) of the Act 9. Prescribed interests in share and prescribed persons -paragraph 8 (9) (d) of the Act 10. Prescribed interests in shares and prescribed persons (Act, paragraph 8 (9) (d))-Lloyds Bank NZA Limited and Macquarie Bank Limited 11. Prescribed interest in shares and prescribed persons (Act, paragraph 8 (9) (d))-State Bank of New South Wales Limited SCHEDULE BANKS AND PERSONS SPECIFIED FOR PURPOSES OF REGULATIONS 3 AND 4
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 1
Citation
1. These Regulations may be cited as the Banks (Shareholdings) Regulations.*1*
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 2
Interpretation
2. (1) In these Regulations: "broker" means a person who is a member of the Australian Stock Exchange Limited; "insurer" means a body corporate: (a) authorised under the Insurance Act 1973 to carry on insurance business; or (b) registered under the Life Insurance Act 1945; "the Act" means the Banks (Shareholdings) Act 1972. (2) For the purposes of these Regulations, whether a corporation is a subsidiary of another corporation or not is to be determined in accordance with the Corporations Law.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 3
Prescribed interest in shares for the purposes of paragraph 8 (9) (d)
of the Act
3. For the purposes of paragraph 8 (9) (d) of the Act, an interest in a share of the bank specified in column 2 of an item in the Schedule, being an interest that a person is to be deemed to have by virtue of subsection 9 (2) of the Act, is a prescribed interest in a share.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 4
Prescribed classes of persons for the purposes of paragraph 8 (9) (d)
of the Act
4. (1) For the purposes of paragraph 8 (9) (d) of the Act, the following class of persons is prescribed in relation to a prescribed interest in a share of the bank specified in column 2 of an item in the Schedule, namely, persons (other than persons who are exempt persons in relation to the bank) who: (a) are, for the purposes of subsection 9 (2) of the Act, to be deemed to be associates of any of the persons (being persons having an interest in one or more voting shares of the bank) specified in column 3 of that item; and (b) do not have any interest in a share of the bank other than the interest in the shares of the bank that they are to be deemed to have by virtue of subsection 9 (2) of the Act. (2) For the purposes of subregulation (1), a person is an exempt person in relation to a bank if: (a) except where paragraph (b) applies-there is in force: (i) an exemption given to the person under subsection (2) of section 10 of the Act from compliance with subsection (1) of that section in respect of voting shares of the bank; or (ii) an instrument under subsection (4) or (5) of that section fixing a percentage for the purposes of that section in its application to the person in respect of the bank; or (b) where the person is a relevant officer (within the meaning of section 10 of the Act) of a corporation that has an interest in one or more voting shares of the bank-there is in force: (i) an exemption given under subsection (2B) of that section in relation to the relevant officers of the corporation in respect of the bank; or (ii) an instrument under subsection (5A) of that section by virtue of which a percentage is applicable to the person in respect of the bank.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 5
Prescribed classes of persons and prescribed interests-paragraph 8 (9)
(d) of the Act (brokers)
5. (1) For the purposes of paragraph 8 (9) (d) of the Act: (a) brokers comprise a prescribed class of persons; and (b) any interest: (i) that a broker has in voting shares of the Commonwealth Bank in relation to which the broker acts as principal; and (ii) that, but for this regulation, would have the effect that a banking entity would have an interest referred to in subsection 10A (1) of the Act in voting shares of the Bank whose aggregate nominal amount does not exceed 0.5% of the aggregate of the nominal amounts of all the voting shares of the Bank; is a prescribed interest; and (c) any interest: (i) that a broker has in voting shares of the Bank in relation to which the broker acts as an agent; and (ii) that, but for this regulation, would have the effect that a banking entity would have an interest referred to in subsection 10A (1) of the Act in voting shares of the Bank whose aggregate nominal amount does not exceed 5% of the aggregate of the nominal amounts of all the voting shares of the Bank; is a prescribed interest.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 6
Prescribed classes of persons and prescribed interests-paragraph 8 (9)
(d) of the Act (certain underwriters)
6. (1) In this regulation: "sub-underwriter", in relation to an issue of shares, means a person who is a party to an agreement with an underwriter that obliges the first-mentioned person to subscribe for any of the shares in circumstances specified in the agreement; "underwriter", in relation to an issue of shares, means a person who is a party to an agreement with the company issuing the shares that includes a provision obliging the person to subscribe for any of the shares in the event of a shortfall in public subscriptions below an amount specified in the agreement. (2) For the purposes of paragraph 8 (9) (d) of the Act: (a) persons who are both: (i) underwriters or sub-underwriters in relation to the issue of shares by the Commonwealth Bank under its first registered prospectus; and (ii) brokers or insurers; constitute a prescribed class of persons; and (b) any interest: (i) that a person referred to in paragraph (a) has in voting shares of the Commonwealth Bank in the course of, or arising out of, underwriting that issue; and (ii) that, but for this regulation, would have the effect that a banking entity would have, in contravention of subsection 10A (1) of the Act, an interest in voting shares of the Commonwealth Bank; is a prescribed interest.
(2A) For the purposes of paragraph 8 (9) (d) of the Act: (a) persons who are underwriters in relation to the issue of shares by the Commonwealth Bank under its first registered prospectus constitute a prescribed class of persons; and (b) any interest: (i) that a person referred to in paragraph (a) has in voting shares of the Commonwealth Bank in the course of, or arising out of, underwriting that issue; and (ii) that, but for this subregulation, would have the effect that the person would have an interest in voting shares of the Commonwealth Bank in contravention of subsection 10A (3) of the Act; is a prescribed interest.
(3) This regulation ceases to have effect on 1 July 1992.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 7
Prescribed persons and interests-paragraph 8 (9) (d) of the Act
(authorised banks)
7. (1) In this regulation: "AMP" means Australian Mutual Provident Society; "Bank shares" means voting shares of the Bank; "relevant shares" means voting shares of a body corporate mentioned in the First Schedule to the Banking Act 1959; "the Bank" means Westpac Banking Corporation; "the Scheme" means the superannuation scheme constituted under the name Westpac Banking Corporation Australian Staff Superannuation Scheme by a deed of trust dated 18 September 1981; "the trustees" means the trustees from time to time of the Scheme; "WFSG company" means a body corporate that is: (a) Westpac Financial Services Group Limited; or (b) a subsidiary, within the meaning of the Corporations Law, of Westpac Financial Services Group Limited. (2) For the purposes of paragraph 8 (9) (d) of the Act: (a) the trustees are a prescribed class of persons; and (b) the following persons are prescribed persons: (i) AMP; and (ii) the Bank; and; (iii) each WFSG company.
(3) Subject to subregulation (4), any interest: (a) that AMP or the Bank is deemed under the Act to have in relevant shares that are: (i) assets under the Scheme; or (ii) held or managed in a fiduciary capacity by a WFSG company; or (b) that the Bank has under the Scheme in relevant shares; is a prescribed interest for the purposes of paragraph 8 (9) (d) of the Act.
(4) Subregulation (3) applies: (a) to an interest in relevant shares (other than Bank shares) of a body corporate only if the total of: (i) the number of those shares in which the trustees have an interest; and (ii) the number of those shares that a WFSG company holds or manages in a fiduciary capacity; does not exceed the greater of: (iii) if the total of: (A) the percentage of those shares in which the Bank has an interest; and (B) the percentage of those shares in which AMP has an interest; is 10 percent or less of the total number of those shares-10 percent, less the percentage constituted by that total; or (iv) 5 percent of the total number of those shares; and (b) to an interest in Bank shares only if the total of: (i) the number of Bank shares in which the trustees have an interest; and (ii) the number of Bank shares that a WFSG company holds or manages in a fiduciary capacity;
does not exceed: (iii) if AMP has an interest in at least 10 percent of the total number of Bank shares-5 percent of that total number; or (iv) if AMP has an interest in Bank shares that are less than 10 percent of the total number of Bank shares-the lesser of: (A) 15 percent, less the percentage held by AMP; and (B) 10 percent; of that total number; or (v) if AMP has an interest in no Bank shares-10 percent of the total number of Bank shares. (5) Any interest that the trustees or a WFSG company are deemed under the Act to have in relevant shares by reason of a relationship (including, in the case of a WFSG company, a relationship through another WFSG company) with AMP or the Bank is a prescribed interest for the purposes of paragraph 8 (9) (d) of the Act.
(6) For the purposes of paragraph 8 (9) (d) of the Act, an interest that: (a) the Bank has in relevant shares, being an interest that the Bank had on 30 January 1992; or (b) AMP has in relevant shares, being an interest that AMP had on 30 January 1992; is a prescribed interest during the period that begins on the date of commencement of this regulation and ends at the end of 15 October 1993.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 8
Prescribed interests and persons-paragraph 8 (9) (d) of the Act
8.*2* (1) In this regulation: "associate" has the meaning given by subsection 9 (3) of the Act; "CML" means The Colonial Mutual Life Assurance Society Limited; "Emerald" means Emerald Holding Company Limited; "CIUK" means Colonial Investments UK Pty Limited; "the State Bank" means the State Bank of New South Wales Limited. (2) For the purposes of paragraph 8 (9) (d) of the Act: (a) an interest in a share in the State Bank, being an interest held by a subsidiary of CML other than Emerald or CIUK, is a prescribed interest, and the subsidiary is a prescribed person; and (b) an interest in a share in the State Bank, being an interest held by an associate of CML, Emerald or CIUK, is a prescribed interest, and the associate is a prescribed person; and (c) an interest in a share in the State Bank, being an interest held by a person who is an associate of an officer of CML, Emerald or CIUKs, is a prescribed interest, and the person is a prescribed person; and (d) an interest in a share in the State Bank, being an interest that a person is taken to hold by reason of subsection 8 (4) of the Act, is a prescribed interest, and a person who is taken to hold an interest of that kind is a prescribed person.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 9
Prescribed interests in share and prescribed persons-paragraph 8 (9)
(d) of the Act
9. (1) In this regulation: "director" has the same meaning as in the Corporations Law; "LLCL exempted company" means: (a) Lend Lease Corporation Limited; or (b) Lend Lease Custodian Pty Ltd; or (c) MLC Life Limited; or (d) Capita Managed Funds Limited; or (e) MLC Investments Limited; or (f) Australian Eagle Life Limited; "LLCL Group company" includes: (a) Lend Lease Corporation Limited; and (b) each of its subsidiaries; "officer" has the same meaning as in section 82A of the Corporations Law; "Westpac" means Westpac Banking Corporation. (2) For the purposes of paragraph 8 (9) (d) of the Act: (a) an interest in a share in Westpac, being an interest taken under the Act to be held by a company other than an LLCL exempted company, is a prescribed interest, and the company is a prescribed person, if the company is taken under the Act to hold the interest because the company is a related body corporate (within the meaning of the Corporations Law) of an LLCL exempted company; and (b) an interest in a share in Westpac (other than an interest referred to in paragraph (d)), being an interest that an officer of an LLCL Group company holds, is a prescribed interest, and the officer is a prescribed person, if: (i) Lend Lease Corporation Limited gives the Treasurer a written undertaking that, if the officer purchased the interest with financial assistance from an LLCL Group company or an associate of an LLCL Group company, any decision concerning the share will not be influenced by, or made in concert with, an LLCL Group company or an associate of an LLCL Group company; and (ii) the interests of officers of LLCL Group companies (excluding interests not held beneficially, and interests that the officers are taken to hold under the Act) in Westpac are not in total more than 2% of the aggregate of the nominal amounts of all the voting shares of Westpac; and (c) an interest in a share in Westpac, being an interest taken under the Act to be held by a company that is not an LLCL Group company, is a prescribed interest, and the company is a prescribed person, if the company is taken under the Act to hold the interest because a director of the company is also a director of an LLCL Group company; and (d) an interest in a share in Westpac, being an interest taken under the Act to be held by a director of an LLCL Group company, is a prescribed interest, and the director is a prescribed person, if the director is taken under the Act to hold the interest because he or she is also a director of a company that is not an LLCL Group company.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 10
Prescribed interests in shares and prescribed persons (Act, paragraph
8 (9) (d))-Lloyds Bank NZA Limited and Macquarie Bank Limited
10. (1) In this regulation: "Hill Samuel company" means: (a) TSB Hill Samuel Bank Holding Company plc, being the corporation formed or incorporated under that name in the United Kingdom; or (b) an associate of that corporation (within the meaning of subsection 8 (5) of the Act); "Lloyds company" means: (a) Lloyds Bank Plc, being the corporation formed or incorporated under that name in the United Kingdom; or (b) an associate of that corporation (within the meaning of subsection 8 (5) of the Act). (2) For the purposes of paragraph 8 (9) (d) of the Act: (a) an interest in a share in Lloyds Bank NZA Limited, being an interest that Hill Samuel company is taken to hold by reason of paragraph 8 (4) (c) of the Act, is a prescribed interest; and (b) an interest in a share in Macquarie Bank Limited, being an interest that Lloyds company is taken to hold by reason of paragraph 8 (4) (c) of the Act, is a prescribed interest.
BANKS (SHAREHOLDINGS) REGULATIONS
- REG 11
Prescribed interest in shares and prescribed persons (Act, paragraph 8
(9) (d))-State Bank of New South Wales Limited
11. (1) This regulation is made for paragraph 8 (9) (d) of the Act. (2) If a person is deemed under section 8 or 9 of the Act to have an interest in a share in State Bank, the interest is prescribed and the person is prescribed in relation to the interest.
(3) Subregulation (2) does not apply in relation to an interest that: (a) Colonial Limited or Emerald Holding is deemed to have; or (b) persons who are from time to time relevant officers of Colonial Limited or Emerald Holding are deemed to have; or (c) any other person is deemed to have because: (i) Colonial Limited is, or its directors are, accustomed, or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of the person in relation to that share in State Bank; or (ii) the person has a controlling interest in Colonial Limited; or (iii) the person is, the associates of the person are, or the person and the associates of that person are, entitled to exercise or control the exercise of not less than 15% of the votes attached to the voting shares in Colonial Limited.
(4) In this regulation: "associate" has the meaning given by subsection 8 (5) of the Act; "Emerald Holding" means Emerald Holding Company Limited; "State Bank" means the State Bank of New South Wales Limited.
BANKS (SHAREHOLDINGS) REGULATIONS
- SCHEDULESCH
SCHEDULE Regulations 3 and 4 BANKS AND PERSONS SPECIFIED FOR PURPOSES OF REGULATIONS 3 AND 4 Column 1 Item No. Column 2 Bank Column 3 Persons having an interest in one or more voting shares of the bank 1A ANZ Grindlays Bank Limited Australia and New Zealand Banking Group Limited ANZ Holdings (UK) Plc, being the corporation formed or incorporated under that name in the United Kingdom Arab Bank Australia Limited Arab Bank Plc, being the corporation formed or incorporated under that name in Jordan 1AA Advance Bank Australia Limited St. George Bank Limited 2 Australian Bank Limited Brierly Investments Limited, being the corporation formed or incorporated under that name in New Zealand Compagnie Financiere de Paibas, being the corporation formed or incorporated under that name in France Industrial Equity Limited Lend Lease Corporation Limited MLC Life Limited Paribas Group Australia Pty Limited Paribas International, being the corporation formed or incorporated under that name in France Paribas Northern America, Inc, being the corporation formed or incorporated under that name in the United States of America State Bank of Victoria The Citizens and Graziers' Life Assurance Company Limited M.L.C. Limited 3 Bank of America Australia Limited BankAmerica Corporation, being the corporation formed or incorporated under that name in the United States of America Bank of America National Trust and Savings Association, being the corporation formed or incorporated under that name in the United States of America Coles Myer Ltd K Mart Corporation, being the corporation formed or incorporated under that name in the United States of America K Mart Holdings Pty Limited 3A Bank of Queensland Limited Queensland Treasury Holdings Pty Ltd 4 Bank of Singapore (Australia) Limited Oversea-Chinese Banking Corporation Limited, being the corporation formed or incorporated under that name in Singapore 5 Bank of South Australia Limited State of South Australia Advance Bank Australia Limited 6 Bank of Tokyo - Mitsubishi (Australia) Limited Bank of Tokyo - Mitsubishi Limited, being the corporation formed or incorporated under that name in Japan 6A Bank of Western Ltd Australia The Standard Life Assurance Company, being the corporation formed or incorporated under that name in Scotland The Governor and Company of the Bank of Scotland, being the corporation formed or incorporated under that name in Scotland Scottish Western Australia Holdings Pty Ltd 7 Bankers Trust Australia Limited Bankers International Corporation, being the corporation formed or incorporated under that name in the United States of America Bankers Trust Company, being the corporation formed or incorporated under that name in the United States of America Bankers Trust New York Corporation, being the corporation formed or incorporated under that name in the United States of America BT Foreign Investment Corporation, being the corporation formed or incorporated under that name in the United States of America BT International (Delaware) Inc., being the corporation formed or incorporated under that name in the United States of America BT Investments (Australia) Limited, being the corporation formed or incorporated under that name in the United States of America 8 Barclays Bank Australia Limited St George Bank Limited 8A Challenge Bank Limited Westpac Banking Corporation 9 The Chase Manhattan Bank Australia Limited Chase Manhattan Holdings (Australia) Limited, being the corporation formed or incorporated under that name in the United States of America Chase Manhattan Overseas Banking Corporation, being the corporation formed or incorporated under that name in the United States of America The Chase Manhattan Bank N.A., being the corporation formed or incorporated under that name in the United States of America The Chase Manhattan Corporation, being the corporation formed or incorporated under that name in the United States of America 10 Citibank Limited Citibank N.A., being the corporation formed or incorporated under that name in the United States of America Citibank Overseas Investment Corporation, being the corporation formed or incorporated under that name in the United States of America Citicorp, being the corporation formed or incorporated under that name in the United States of America Nessus Investment Corporation, being the corporation formed or incorporated under that name in the United States of America 11 Citibank Savings Limited Citibank Limited Citibank N.A., being the corporation formed or incorporated under that name in the United States of America Citibank Overseas Investment Corporation, being the corporation formed or incorporated under that name in the United States of America Citicorp, being the corporation formed or incorporated under that name in the United States of America Nessus Investment Corporation, being the corporation formed or incorporated under that name in the United States of America 12 Civic Advance Bank Limited Advance Bank Australia Limited Permanent Trustee Company Limited Permanent Trustee Nominees (Canberra) Limited 12AA Commonwealth Bank of Australia Commonwealth Instalment Receipt Trustee Limited 12A Commonwealth Development Bank of Australia Commonwealth Bank of Australia 13 Deutsche Bank Australia Limited Deutsche Bank AG, being the corporation formed or incorporated under that name in the Federal Republic of Germany 14 Hongkong Bank of Australia Limited HSBC Holdings Plc, being the corporation formed or incorporated under that name in the United Kingdom HSBC Holdings BV, being the corporation formed or incorporated under that name in The Netherlands The Hongkong and Shanghai Banking Corporation, being the corporation formed or incorporated under that name in Hong Kong Hongkong Australia Holdings Pty Limited 15 IBJ Australia Bank Limited The Industrial Bank of Japan, Limited, being the corporation formed or incorporated under that name in Japan 16 ING Mercantile Mutual Bank Limited Internationale Nederlanden Bank NV, being the corporation formed or incorporated under that name in the Netherlands Internationale Nederlanden Groep NV being the corporation formed or incorporated under that name in the Netherlands 17 Lloyds Bank NZA Limited ABN AMRO Australia Limited ABN AMRO Bank NV, being the corporation formed or incorporated under that name in the Netherlands ABN AMRO Holding NV, being the corporation formed or incorporated under that name in the Netherlands. 18 Macquarie Bank Limited Hill Samuel and Co BV, being the corporation formed or incorporated under that name in the Netherlands Hill Samuel and Co Limited, being the corporation formed or incorporated under that name in the United Kingdom Hill Samuel Group Plc, being the corporation formed or incorporated under that name in the United Kingdom Hill Samuel Holdings (Australia) Pty Limited Hill Samuel International Limited, being the corporation formed or incorporated under that name in the United Kingdom Hill Samuel Overseas Holdings Limited, being the corporation formed or incorporated under that name in the United Kingdom TSB Group Plc 19 Mitsubishi Bank of Australia Limited The Mitsubishi Bank, Ltd, being the corporation formed or incorporated under that name in Japan Bank of Tokyo - Mitsubishi (Australia) Limited 20 National Australia Bank Limited Adsteam Finance and Investments Pty Ltd R. J. Aird Australian Inhibitor Paper Pty Ltd Buckleys Provident Fund Securities Pty Ltd Chakra Pty Ltd J. O. Curry David Jones Limited David Jones Ltd Special Staff Superannuation Plan D.P.S. Nominees Pty Ltd J. A. Duncan Fawldapp Pty Ltd Georges of Melbourne Pty Ltd M. J. Kent National Consolidated Limited K. W. Russell J. G. Spalvins The Adelaide Steamship Company Limited K. B. Timms Trustees of David Jones Employees Provident Fund B. L. Walsh Westall Pty Ltd 21 National Mutual Royal Bank Limited Australia and New Zealand Banking Group Limited 22 National Mutual Royal Savings Bank Limited National Mutual Royal Bank Limited Australia and New Zealand Banking Group Limited 23 NatWest Australia Bank Limited National Westminster Bank PLC, being the corporation formed or incorporated under that name in the United Kingdom 24 Primary Industry Bank of Australia Limited Rabobank International Holding BV, being the corporation formed or incorporated under that name in the Netherlands Rabobank Nederland, being the corporation formed or incorporated under that name in the Netherlands 24A QIDC Limited Metway Bank Limited 25 Standard Chartered Bank Australia Limited Stanchart Nominees Limited, being the corporation formed or incorporated under that name in the United Kingdom Standard Chartered Bank, being the corporation formed or incorporated under that name in the United Kingdom Standard Chartered Holdings (International) BV, being the corporation formed or incorporated under that name in the Netherlands Standard Chartered Holdings Limited, being the corporation formed or incorporated under that name in the United Kingdom Standard Chartered Investments Pty. Limited Standard Chartered Merchant Bank Overseas Limited, being the corporation formed or incorporated under that name in the United Kingdom Standard Chartered Nominees Limited, being the corporation formed or incorporated under that name in the United Kingdom Standard Chartered Overseas Holdings Limited, being the corporation formed or incorporated under that name in the United Kingdom Standard Chartered PLC, being the corporation formed or incorporated under that name in the United Kingdom 26 State Bank of New South Wales Limited Emerald Holding Company Limited Colonial Investments UK Pty Limited The Colonial Mutual Life Assurance Society Limited 27 Town and Country Bank Limited Australia and New Zealand Funds Pty. Ltd. Australia and New Zealand Banking Group Limited
BANKS (SHAREHOLDINGS) REGULATIONS
- NOTE 1*1* The Banks (Shareholdings) Regulations (in force under the Banks (Shareholdings) Act 1972) as shown in this reprint comprise Statutory Rules 1985 No. 67 amended as indicated in the Tables below. Table of Statutory Rules Year and Date of Date of Application Number Notification commencement saving or in Gazette transitional provisions 1985 No. 67 17 May 1985 17 May 1985 233 20 Sept 1985 20 Sept 1985 - 263 10 Oct 1985 10 Oct 1985 - 299 15 Nov 1985 15 Nov 1985 - 311 22 Nov 1985 22 Nov 1985 - 336 12 Dec 1985 12 Dec 1985 - 337 13 Dec 1985 13 Dec 1985 - 338 16 Dec 1985 16 Dec 1985 - 376 20 Dec 1985 20 Dec 1985 - 1986 No. 10 4 Feb 1986 4 Feb 1986 - 11 5 Feb 1986 5 Feb 1986 - 12 6 Feb 1986 6 Feb 1986 - 13 7 Feb 1986 7 Feb 1986 - 21 24 Feb 1986 24 Feb 1986 - 23 26 Feb 1986 26 Feb 1986 - 24 27 Feb 1986 27 Feb 1986 - 44 3 Apr 1986 3 Apr 1986 - 92 16 May 1986 16 May 1986 - 107 23 May 1986 23 May 1986 - 116 2 June 1986 2 June 1986 - 1987 No. 26 2 Mar 1987 2 Mar 1987 - 126 24 June 1987 1 July 1987 - 127 24 June 1987 1 Oct 1987 - 208 1 Oct 1987 1 Oct 1987 - 1988 No. 323 2 Dec 1988 2 Dec 1988 - 379 21 Dec 1988 3 Apr 1989 - 1989 No. 4 27 Jan 1989 27 Jan 1989 - 64 14 Apr 1989 14 Apr 1989 - 1990 No. 345 31 Oct 1990 31 Oct 1990 - 469 9 Jan 1991 9 Jan 1991 - 1991 No. 21 20 Feb 1991 20 Feb 1991 - 57 28 Mar 1991 28 Mar 1991 - 92 6 May 1991 6 May 1991 - 120 6 June 1991 6 June 1991 - 225 3 July 1991 3 July 1991 - 278 30 Aug 1991 30 Aug 1991 - 279 30 Aug 1991 30 Aug 1991 - 292 17 Sept 1991 30 Sept 1991 - 1992 No. 102 14 Apr 1992 14 Apr 1992 - 302 24 Sept 1992 24 Sept 1992 - 359 9 Nov 1992 9 Nov 1992 - 416 16 Dec 1992 16 Dec 1992 - 1993 No. 259 7 Oct 1993 7 Oct 1993 - 1994 No. 97 5 Apr 1994 5 Apr 1994 - 207 28 June 1994 1 July 1994 - 308 6 Sept 1994 6 Sept 1994 - 331 5 Oct 1994 5 Oct 1994 - 385 16 Nov 1994 16 Nov 1994 - 431 23 Dec 1994 23 Dec 1994 - 1995 No. 4 3 Feb 1995 3 Feb 1995 - 106 18 May 1995 1 June 1995 - 143 15 June 1995 22 June 1995 - 238 25 July 1995 31 July 1995 - 355 23 Nov 1995 23 Nov 1995 - 380 6 Dec 1995 6 Dec 1995 - 415 19 Dec 1995 19 Dec 1995 - 435 22 Dec 1995 22 Dec 1995 - 1996 No. 23 5 Feb 1996 5 Feb 1996 - 34 1 Apr 1996 1 Apr 1996 - 146 5 July 1996 5 July 1996 - 147 5 July 1996 5 July 1996 - 223 11 Oct 1996 11 Oct 1996 - 242 30 Oct 1996 30 Oct 1996 - 257 26 Nov 1996 Rr. 3 and 5: 31 Mar 1997 (see (a) and Note 2) Remainder: 26 Nov 1996 - 258 26 Nov 1996 26 Nov 1996 - 259 26 Nov 1996 26 Nov 1996 - 348 24 Dec 1996 24 Dec 1996 - 349 24 Dec 1996 24 Dec 1996 - 353 24 Dec 1996 24 Dec 1996 - (a) The Banks (Shareholdings) Regulations were amended by Statutory Rules 1996 No. 257, subregulation 1.1 of which provides as follows: "1.1 Regulations 3 and 5 commence on 31 March 1997."(see Note 2) Table of Amendments ad=added or inserted am=amended rep=repealed rs=repealed and substituted Provision affected How affected R. 2 rs. 1991 No. 92 am. 1994 No. 385 R. 3 am. 1985 No. 233 R. 4 rs. 1985 No. 233 R. 5 ad. 1985 No. 337 rep. 1988 No. 379 ad. 1991 No. 92 R. 6 ad. 1991 No. 92 am. 1991 No. 225 R. 7 ad. 1992 No. 102 am. 1992 No. 302 R. 8 ad. 1994 No. 431 R. 9 ad. 1995 No. 4 R. 10 ad. 1995 No. 415 R. 11 ad. 1996 No. 257 Schedule ad. 1985 No. 233 am. 1985 Nos. 263, 299, 311, 336, 337, 338 and 376; 1986 Nos. 10, 11, 12, 13, 21, 23, 24, 44, 92, 107 and 116; 1987 Nos. 26, 126, 127 and 208; 1988 Nos. 323 and 379; 1989 Nos. 4 and 64; 1990 Nos. 345 and 469; 1991 Nos. 21, 57, 120, 278, 279 and 292; 1992 Nos. 359 and 416; 1993 No. 259; 1994 Nos. 97, 207, 308, 331, 385 and 431; 1995 Nos. 106, 143, 238, 355, 380, 415 and 435; 1996 Nos. 23, 34, 146, 147, 223, 242, 258, 259, 348, 349 and 352
BANKS (SHAREHOLDINGS) REGULATIONS
- NOTE 2*2* The Banks (Shareholdings) Regulations are amended by regulations 3 and 5 of Statutory Rules 1996 No. 257. The applicable provisions provide as follows: 3. Regulation 8 (Prescribed interests and persons-paragraph 8 (9) (d) of the Act) 3.1 Omit the regulation. 5. Schedule (Banks and persons specified for purposes of regulations 3 and 4) 5.1 Item 26: Omit the item. Subregulation 1.1 of Statutory Rules 1996 No. 257 provides as follows: "1.1 Regulations 3 and 5 commence on 31 March 1997." As at 13 December 1996 the amendments are not incorporated in this reprint.
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