43(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.”