These Regulations amend the Bank Accounts Directive (Miscellaneous Banks) Regulations 1991 (S.I. 1991/2704) (“the 1991 Regulations”).The 1991 Regulations implemented Council Directive 86/635/EEC of 8th December 1986 on the annual and consolidated accounts of banks and other financial institutions (Official Journal No. L372/1 of 31st December 1986) in so far as it applies to bodies corporate or unincorporate other than (a) bodies corporate to which Part 7 of the Companies Act 1985 (“the 1985 Act”) applies and (b) building societies.