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Building Societies Act 1986

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Building Societies Act 1986, Part III is up to date with all changes known to be in force on or before 21 February 2020. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Part IIIU.K. Confirmation by [F1appropriate authority] : Procedure

7U.K.An application for confirmation by the [F1appropriate authority] of an amalgamation or transfer of engagements shall be made in such manner as the [F1appropriate authority] may [F2direct].

Textual Amendments

F2Word in Sch. 16 para. 7 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 211(b) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

8(1)Where a building society applies to the [F1appropriate authority] for confirmation of an amalgamation or transfer or engagements, the society shall publish notice of the application in any one or more of the London Gazette, the Edinburgh Gazette or the Belfast Gazette, as the [F1appropriate authority] directs and, if it so directs, in one or more newspapers.U.K.

(2)A notice published in pursuance of sub-paragraph (1) above shall—

(a)state that any interested party has the right to make representations to the [F1appropriate authority] with respect to the application; and

(b)specify a date determined by the [F1appropriate authority] before which any written representations or notice of a person’s intention to make oral representations must be received by the Commission; and

(c)specify a date determined by the [F1appropriate authority] as the day on which it intends to hear any oral representations.

9(1)After the date specified in pursuance of paragraph 8(2)(b) above, the [F1appropriate authority] shall—U.K.

(a)determine the time and place at which oral representations may be made;

(b)give notice of that determination to the building societies participating in the amalgamation or transfer and any persons who have given notice of their intention to make oral representations; and

(c)send copies of the written representations received by the [F1appropriate authority] to the building societies participating in the amalgamation or transfer.

(2)The [F1appropriate authority] shall allow any building society participating in the amalgamation or transfer an opportunity to comment on the written representations, whether at a hearing or in writing before the expiration of such period as the [F1appropriate authority] specifies in a notice to the society.

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