Building Societies Act 1986 (c. 53)

SCHEDULES

SCHEDULE 8 U.K. Powers to Provide Services

Part III U.K. Restrictions In Relation To Certain Services

Trusteeship U.K.

[F1 3 U.K. In relation to the power to provide the service of trusteeship—

(a) a building society may not accept trusteeship of a prohibited trust, and

(b) a building society which becomes aware that a trust of which it is trustee has become a prohibited trust shall retire as trustee of that trust as soon as it is practicable to do so.]

Textual Amendments

F1 Sch. 8 Pt. III para. 3 substituted by S.I. 1989/839, art. 3(d)