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.