Building Societies Act 1997 (c. 32)

SCHEDULES

Valid from 09/06/1997

SCHEDULE 7 U.K. Other amendments of 1986 Act

Valid from 01/12/1997

The Building Societies Commission U.K.

1 In subsection (4) of section 1 of the 1986 Act (the Building Societies Commission), for paragraph (c) there shall be substituted the following paragraph—

“(c) to secure that the principal purpose of building societies remains that of making loans which are secured on residential property and are funded substantially by their members;”.

Commencement Information

I1 Sch. 7 para. 1 in force at 1.12.1997 by S.I. 1997/2668, art. 2, Sch. Pt. II (subject as mentioned in art. 2(2)-(5) of that S.I.)