Part V

Miscellaneous and supplemental

Miscellaneous

Access to registers of members
37
1
For sub-paragraphs (1) and (2) of paragraph 15 of Schedule 2 to the 1986 Act (right of members to obtain particulars from register) there shall be substituted the following sub-paragraphs—
1
At any time when a building society—
a
has had its authorisation revoked under section 43; and
b
has not been re-authorised under section 44,
a member of the society shall, subject to sub-paragraph (1A) below, have the right to obtain, from the register kept under paragraph 13 above, the names and addresses of members of the society, for the purpose of communicating with them on a subject relating to the affairs of the society.
1A
Sub-paragraph (1) above shall not apply unless the member in question—
a
is qualified under the rules of the society to join in a members' requisition for a special meeting, or to join in nominating a person for election as a director; or
b
would be so qualified if any requirements as to length of time a person must have been a shareholding or borrowing member were omitted.
2
If, at any time not falling within sub-paragraph (1) above, a member of a building society who is qualified under the rules of the society to join in a members' requisition for a special meeting, or to join in nominating a person for election as a director, makes a written application to the Commission for the right to obtain names and addresses from the register, the Commission—
a
if satisfied that the applicant—
i
requires that right for the purpose of communicating with members of the society on a subject relating to its affairs; and
ii
has not, since making the application, voluntarily ceased to be a member of the society; and
b
having regard to the interests of the members as a whole and to all the other circumstances; and
c
on payment by the applicant of a fee of £25 or such other amount as may be prescribed,
may direct that the applicant shall have the right to obtain from the register the names and addresses of the members for the purpose of communicating with them on that subject.
2
After sub-paragraph (6) of that paragraph there shall be inserted the following sub-paragraphs—
7
No information obtained under sub-paragraph (1) or (2) above or this sub-paragraph and relating to a member of the society may be disclosed except—
a
with the consent of that member; or
b
in the case of information obtained under sub-paragraph (1) or (2) above, for purposes connected with the purpose mentioned in that paragraph.
8
Any person who discloses information in contravention of sub-paragraph (7) above shall be liable—
a
on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine or both; and
b
on summary conviction, to a fine not exceeding the statutory maximum.
9
The Treasury may, by regulations, prescribe the amount of any fees payable under sub-paragraph (2) above; and regulations under this sub-paragraph may include—
a
provision for any fees so payable to be reduced or for payment of any fees to be waived by the Commission in circumstances determined by or under the regulations; and
b
such incidental, supplementary and transitional provision as appears to the Treasury to be necessary or expedient.
10
The power to make regulations under sub-paragraph (9) above is exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.
11
The amounts received by the Commission under sub-paragraph (2) above shall be applied as an appropriation in aid of money provided by Parliament for the expenses of the Commission under this Act, and in so far as not so applied, shall be paid into the Consolidated Fund.