69E+W+SThe Building Societies Act 1986 is amended in accordance with paragraphs 70 to 72.
70E+W+SIn section 52 (powers to obtain information and documents etc)—
(a)in subsection (8) for “barrister, solicitor or advocate” substitute “ relevant lawyer ”, and
(b)in subsection (13) after the definition of “approved” insert—
““relevant lawyer” means a barrister, advocate, solicitor or other legal representative communications with whom may be the subject of a claim to professional privilege;”.
71E+W+SIn section 67 (directors, etc, not to accept commission in connection with loans), in subsection (7), in the definition of “solicitor” for “licensed conveyancer” substitute “ any person who, for the purposes of the Legal Services Act 2007, is an authorised person in relation to an activity which constitutes a reserved instrument activity (within the meaning of that Act) ”.
72E+W+SIn section 69 (disclosure and record of income of related businesses), in subsection (17), in the definition of “solicitor” for “licensed conveyancer” to the end substitute “ any person who, for the purposes of the Legal Services Act 2007, is an authorised person in relation to an activity which constitutes a reserved instrument activity (within the meaning of that Act). ”