SCHEDULES
SCHEDULE 8 Powers to Provide Services
Part III Restrictions In Relation To Certain Services
Trusteeship
F13
In relation to the power to provide the service of trusteeship—
a
a building society may not accept trusteeship of a prohibited trust, and
b
a building society which becomes aware that a trust of which it is trustee has become a prohibited trust shall retire as trustee of that trust as soon as it is practicable to do so.