Building Societies Act 1986

7(1)The Commission may withdraw its recognition of a scheme if it appears to the Commission that—

(a)the scheme does not conform to the relevant requirements ; or

(b)the scheme is so operated as not to conform to those requirements.

(2)Withdrawal of recognition of a scheme under this paragraph may operate in relation to the scheme as a whole or to the extent to which the scheme makes one or more prescribed matters of complaint subject to investigation under it.