SCHEDULES

SCHEDULE 5Transfer of functions: consequential amendments

Part IBanking supervision

Chapter IIIOther Enactments

Building Societies Act 1997 (c. 32)

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1

Section 32 of the Building Societies Act 1997 is amended as follows.

2

In subsection (1), for “Bank” there is substituted “Authority”.

3

In subsection (3)(a), for “Governor of the Bank” there is substituted “Chairman of the Authority”.

4

In subsection (7), for the definition of “the Bank” there is substituted—

“the Authority” means the Financial Services Authority.