The Building Societies (General Charge and Fees) Regulations 1989

Fees in respect of particular Commission functions

5.—(1) A society which applies for authorisation under section 9 of the Act shall pay a fee of £560 in respect of the exercise of the Commission’s functions under that section.

(2) A society which proposed to merge with another society, and–

(a) applies for consent under section 94(5) of the Act to proceed to undertake to fulfil the engagements of the other society pursuant to a board resolution, or

(b) applies for approval under paragraph 1 of Schedule 16 to the Act of the contents of a statement concerning matters relevant to the merger.

shall pay a fee of £2,950 in respect of the Commission’s functions in relation to the application and any functions it may exercise subsequently under section 95 of the Act with respect to the proposed merger.

(3) A society which applies for approval of a transfer statement under paragraph 4(2) of Schedule 17 to the Act in connection with a proposed transfer of business shall pay a fee of £125,000 in respect of the Commission’s functions in relation to the application and any functions it may exercise subsequently under section 97 of the Act and the applicable provisions of the Act (as referred to in that section) with respect to the proposed transfer of business prior to an application pursuant to section 97(4)(d) of the Act.

(4) Subject to paragraph (5) below, a society which applies for confirmation of a proposed transfer of business and its terms pursuant to section 97(4)(d) of the Act shall pay a fee of £50,000 in respect of the Commission’s functions in relation to the application and any functions it may exercise subsequently under section 97 of the Act and the applicable provisions of the Act (as referred to in that section) with respect to the proposed transfer of business.

(5) A society which, on its application for confirmation of a proposed transfer of business and its terms as described in paragraph (4) above, pays a fee of £12,500 shall not be required to pay the remaining £37,500 unless and until the Commission give notice pursuant to paragraph 8(1)(b) of Schedule 17 to the Act to the society of its determination under paragraph 8(1)(a) of Schedule 17 to the Act.