(This note is not part of the Order)
1. This Order amends Schedule 8 to the Building Societies Act 1986 as varied by S.I.1988/1141 and amended by S.I.1989/839.
2. This Order removes the restriction that societies are not permitted to provide the services listed in Part 1 of Schedule 8 to the Act in countries or territories outside the United Kingdom unless the society is carrying out the principal business of a building society in that country or territory by providing that, in any member State of the European Community, Austria, Finland, Iceland, Liechtenstein, Norway, Sweden and Switzerland, societies may provide such services without carrying on the principal business of a building society.