Raising funds and borrowing
This section has no associated Explanatory Memorandum
6. Section 8(1)(c) of the 1986 Act (raising funds and borrowing)(1) shall not apply to a relevant building society in relation to any financial assistance the society receives from, or is offered by, a qualifying institution.
(1)
Section 8 was substituted by the Building Societies Act 1997, section 9, and amended by S.I. 2001/2617. It was modified, in its application to eligible debt securities, by S.I. 2003/1633. Section 8(9) was amended by the Income Tax Act 2007 (c.3), section 1027 and Schedule 1 paragraph 273.