§ Mr. RedmondTo ask the Chancellor of the Exchequer what are the legal restrictions governing the use of the term "bank".
§ Mr. NelsonThe statutory restrictions governing the use of banking names and descriptions, including the use of the term "bank", are contained in sections 67–73 of the Banking Act 1987, as amended by the Banking Co-ordination (Second Council Directive) Regulations 1992 (SI 1992/3218).