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11th June 2008
Coming into force
29th June 2008
A draft of this Order has been laid before Parliament in accordance with section 104(5) of the Building Societies Act 1986(1) and section 2(2) of the European Communities Act 1972(2) and approved by both Houses of Parliament.
The Treasury is a department designated(3) in relation to the conduct of the business of a building society, and the authorisation and regulation of the carrying on of business by building societies, and in relation to auditors and the audit of accounts.
The Treasury, in exercise of the powers conferred by section 104(1), (3) and (4) of the Building Societies Act 1986 and by section 2(2) of the European Communities Act 1972, make the following Order.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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