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.