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13(1)This paragraph amends the [1979 c. 37.] Banking Act 1979 as follows.
(2)In section 34(1) (Treasury regulations controlling advertisements for deposits), after the word " Bank " there shall be inserted the words " and, in so far as they relate to building societies, the Building Societies Commission ".
(3)In section 36(4) (exemption from restriction on use of description " banking services ") there shall be inserted—
(a)after the word " Act", the words " or an authorised building society,", and
(b)after the words " the institution ", the words " or society, as the case may be ".
(4)In section 41(5) (consents for prosecutions), in paragraph (a) after the words " Public Prosecutions or " and in paragraph (b) after the words " Ireland or ", there shall be inserted the words " , in the case of proceedings against a building society, the Building Societies Commission or, in any other case ".
(5)In section 50(1) (definitions), after the definition of " the Bank " there shall be inserted the following definition—
“" building society " means a building society within the meaning of the Building Societies Act 1986 and, in that context, " authorised " has the meaning given by section 119(1) of that Act;”.
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