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Legal Terms - Bank holidays
Holidays designated for clearing banks and recognized as public holidays according to the Banking and Financial Dealing Act of 1971 or by royal proclamation under this Act. In England and Wales, there are presently eight bank holidays annually. These include New Year's Day (or the subsequent Monday if it falls on a weekend), Good Friday, Easter Monday, May Holiday (the first Monday in May), Spring Bank Holiday (the last Monday in May), Summer Bank Holiday (the last Monday in August), and Christmas Day and the day after (or the subsequent Monday and Tuesday if Christmas Day falls on a weekend).
Holidays designated for clearing banks and recognized as public holidays according to the Banking and Financial Dealing Act of 1971 or by royal proclamation under this Act. In England and Wales, there are presently eight bank holidays annually. These include New Year's Day (or the subsequent Monday if it falls on a weekend), Good Friday, Easter Monday, May Holiday (the first Monday in May), Spring Bank Holiday (the last Monday in May), Summer Bank Holiday (the last Monday in August), and Christmas Day and the day after (or the subsequent Monday and Tuesday if Christmas Day falls on a weekend).
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