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In November 2007, the sponsors of the Banking Code (the British Bankers’ Association, the Building Societies Association and APACS – the UK payments association) announced that both the personal and business Banking Codes would see some changes from 31st March 2008 following a public consultation and an independent review.
The Banking Code is a voluntary code which was first introduced in December 1991. It sets the standards of good banking practice for banks and building societies to follow when dealing with customers in Britain and is monitored by the Banking Code Standards Board.
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