- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (20/03/2003)
- Gwreiddiol (Fel y'i Deddfwyd)
Point in time view as at 20/03/2003. This version of this part contains provisions that are prospective.
The term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either:
Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.
Building Societies Act 1986, Part XI is up to date with all changes known to be in force on or before 29 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
(1)If, on any modification of the statutory provisions in force in Great Britain or Northern Ireland relating to companies, it appears to the Treasury to be expedient to modify the relevant provisions of this Act for the purpose of assimilating the law relating to companies and the law relating to building societies, the Treasury may, by order, make such modifications of the relevant provisions of this Act as they think appropriate for that purpose.
(2)The “relevant provisions of this Act” are the following provisions as for the time being in force, that is to say—
(a)so much of Part VI as relates to investigations or inspections;
(b)the provisions of Part VII (management);
(c)the provisions of Part VIII (accounts and audit); F1 . . .
(d)so much of Part X as relates to winding up [F2or insolvency][F3; and
(e)section 110 (provisions exempting officers and auditors from liability).].
(3)The power conferred by subsection (1) above includes power to modify the relevant provisions of this Act so as to—
(a)confer power to make orders, regulations, rules or other subordinate legislation;
(b)create criminal offences; or
(c)provide for the charging of fees but not any charge in the nature of taxation.
(4)An order under this section may—
(a)make consequential amendments of or appeals in other provisions of this Act; or
(b)make such transitional or saving provisions as appear to the Treasury to be necessary or expedient.
(5)The power to make an order under this section is exercisable by statutory instrument but no such order shall be made unless a draft of it has been laid before and approved by a resolution of each House of Parliament.
(6)In this section—
“modification” includes any additions and, as regards modifications of the statutory provisions relating to companies, any modification whether effected by any future Act or by an instrument made after the passing of this Act under an Act whenever passed; and
“statutory provisions” includes the provisions of any instrument made under this Act.
Subordinate Legislation Made
P1S. 104: power exercised by S.I. 1991/1729
S. 104: power exercised (4.12.1991) by S.I. 1991/2738
Textual Amendments
F1Word in s. 104(2) omitted (1.10.1991) by virtue of Companies Act 1989 (c. 40, SIF 27), s. 211(1); S.I. 1991/1996, art. 2(1)(b)
F2Words in s. 104(2) inserted (1.12.1997) by 1997 c. 32, s. 43, Sch. 7 para. 48; S.I. 1997/2668, art. 2, Sch. Pt. I(j)(l)(xii)
F3Word in s. 104(2) and s. 104(2)(e) added (1.10.1991) by Companies Act 1989 (c. 40, SIF 27), s. 211(1); S.I. 1991/1996, art. 2(1)(b)
(1)For the purpose of securing the registration of charges created by building societies, the Secretary of State may, by order made with the concurrence of the Treasury F5. . ., provide that such of the provisions of—
(a)Part XII of the M1Companies Act 1985 (registration of charges); and
(b)Part XIII of the M2Companies (Northern Ireland) Order 1986,
as may be specified in the order shall apply in relation to building societies, and charges created by building societies, with such modifications as may be so specified.
(2)An order under this section may make different provision for different cases or different areas and may contain such incidental, supplemental and transitional provisions as may appear to the Secretary of State to be necessary or expedient.
(3)The power to make an order under this section is exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.]
Textual Amendments
F4S. 104A inserted (9.6.1997) by 1997 c. 32, s. 42; S.I. 1997/1427, art. 2(j)
F5Words in S. 104A(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
Marginal Citations
(1)This section has effect as regards any power conferred under any provision of this Act on building societies or building societies of any description by—
(a)an instrument a draft of which has to be approved by a resolution of each House of Parliament before it can be made, or
(b)an instrument which is subject to annulment in pursuance of a resolution of either House of Parliament and which defers its operation until a future date;
and in this section “the anticipation date” is, in the case of an instrument falling within paragraph (a), the date on which either House approves the draft and, in the case of an instrument falling within paragraph (b), the date on which it was laid before Parliament.
(2)Every building society or, as the case may be, every building society of the description to which the instrument applies, has, as from the anticipation date, power, for the purposes of the power conferred by the instrument, to do such things, subject to subsection (3) below, as are reasonably necessary to enable it—
(a)to decide whether or not, and to what extent, to exercise (and in the case of an adoptable power to adopt) the power, and
(b)if it decides to exericse the power, to exercise it as from the date when it becomes exercisable by the society.
(3)Subsection (2)(b) above does not authorise a society—
(a)to make contracts, other than conditional contracts, for the acquisition of land, the acquisition of a business or the acquisition of shares in any company if that company offers the public any service or facility within the power,
(b)to issue invitations to members of the society or the public to apply for any power to be exercised for their benefit, or
(c)to retain shares in a company which offers the public any service or facility within the power;
and, in this subsection, “conditional”, in relation to contracts with respect to the exercise of a power, means conditional on the power’s becoming exercisable by the society.
(4)The power conferred by this paragraph, and activities carried on under it, for the purposes of an adoptable power are not to be treated as included in, or in activities comprised in, that adoptable power for the purposes of paragraph 16 of Schedule 2 to this Act.]
Textual Amendments
F6S. 105 repealed (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 46(2), 47(3), Sch. 7 para. 49, Sch. 9; S.I. 1997/2668, art. 2, Sch. Pt. II(w)(z)(xxix)(cc)(xiv)
(1)The [F7Authority] shall prepare and maintain a file relating to each building society (to be known as the public file) and the file shall—
(a)contain the documents or, as the case may be, the copies of the documents and the records of the matters directed by or under any provision of this Act to be kept in the public file of the society; and
(b)be available for inspection on reasonable notice by members of the public [F8subject to subsection (3) below].
(2)Any member of the public shall be entitled, [F8subject to subsection (3) below], to be furnished with a copy of all or any of the documents or records kept in the public file of a building society.
[F9(3)The Authority may charge a reasonable fee for making the public file available to any person for inspection under subsection (1)(b) above, or for furnishing any person with a copy of any documents or records under subsection (2) above.]
Textual Amendments
F7Word in S. 106(1) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 189(a) (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F8Words in S. 106(1)(b)(2) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 189(b) (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F9S. 106(3) inserted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 189(c) (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
(1)Subject to subsections (2) to (9) below, no person carrying on in the United Kingdom a business of any description shall, unless that person is a building society, use any name or in any other way so describe himself or hold himself out so as to indicate, or reasonably be understood to indicate—
(a)that he is a building society,
(b)that he, or his business, is connected with one or more building societies, or
(c)that he, or his business, is connected with building societies generally.
(2)Subsection (1) does not prohibit the use by an institution carrying on the business of taking deposits and making loans secured on land which has its principal place of business in a country or territory outside the United Kingdom, of the name under which the institution carries on business in that country or territory if—
(a)the name is used in immediate conjunction with a description distinguishing the institution from a building society, being a description which has been approved for the purposes of this subsection by the [F10Authority] and the approval has not been revoked under subsection (7) below, and
(b)where the name appears in writing, that description is sufficiently prominent to secure that a person who reads the name will also read the description.
(3)For a description to distinguish an institution from a building society for the purposes of subsection (2) above it must distinguish it by reference to all or any of the following matters,—
(a)the situation of its principal place of business,
(b)its legal status or constitution, and
(c)the law (if any) which authorises it to take deposits in the United Kingdom,
as the [F10Authority] determines in its case, but need not indicate any other distinction.
(4)Subsection (1) above does not prohibit a person from carrying on a business under a name which indicates a connection between—
(a)that person, or his business, and one or more building societies, or
(b)that person, or his business, and building societies generally,
if the name has been approved for the purposes of this subsection by the [F10Authority] and the approval has not been revoked under subsection (7) below.
(5)No name shall be approved for the purposes of subsection (4) above unless the [F10Authority], having regard to—
(a)the true connection (if any) in fact existing between the person using, or proposing to use, the name and the particular society or societies in question or with building societies generally, as the case may be, and
(b)in the cases referred to in subsection (4)(a) above, the respective natures of the business of that person and the society or societies in question,
is satisfied that the connection indicated by the name is not misleading; and, in so far as the name indicates investment or other financial support on the part of a building society the [F10Authority] shall not approve the use of the name unless it is satisfied that the name indicates no more investment or support than is the case and than is, in the opinion of the [F10Authority], within the financial capacity of the building society to provide.
(6)An application for approval under subsection (2) or (4) above shall be made to the [F10Authority] in such form as it directs and accompanied by such information or evidence as it requires generally or in the particular case.
(7)The [F10Authority]may revoke any approval under subsection (2) or (4) above of a distinguishing description or a name, as the case may be, if it is of the opinion—
(a)in the case of a distinguishing description, that, by reason of any change in the matters by reference to which the distinction is made, the description does not or does not any longer distinguish the institution as required by subsection (2) above, or
(b)in the case of a name.
(i) that the name has proved to be misleading to the public,
(ii)that the approval has been obtained by fraud or mistake, or
(iii)that there has been a change in the facts to which the [F10Authority] had regard in giving its approval,
but it shall not do so without first giving the person to whom the approval was given an opportunity of making representations with respect to the proposed revocation of that approval.
(8)Subsection (1) above does not prohibit a person from using a description (other than his name) which, or from holding himself out in a way that, indicates a connection between himself or his business and one or more building societies if and to the extent he has been authorised to do so in writing by the society or societies in question.
(9)Subsection (1) above does not prohibit a person from using a description (other than his name) which, or from holding himself out in a way that, indicates a connection between himself or his business and building societies generally where the connection indicated is not misleading.
(10)Where on an application for—
(a)the first registration of a company, or the registration of a company by a new name, by the registrar under the M3Companies Act 1985 or the M4Companies (Northern Ireland) Order 1986, or
(b)approval by the Secretary of State of words or expressions for inclusion in a business name under section 2 of the M5Business Names Act 1985, or
(c)approval by the Department of Economic Development of words or descriptions for inclusion in a business name under Article 4 of the M6Business Names (Northern Ireland) Order 1986,
it appears to the registrar, the Secretary of State or the Department, as the case may be, that the use of the name or the words or description by the person seeking to register with it would contravene subsection (1) above, the registration shall not be made or the approval given.
(11)A person who contravenes subsection (1) above shall be liable on summary conviction to a fine not exceeding level 5 on the standard scale; and where the contravention involves a public display or exhibition of the offending name, description or other matter, there shall be a fresh contravention of the subsection on each day during which that person causes or permits the display or exhibition to continue for which that person shall be liable on summary conviction to a fine not exceeding £200.
[F11(12)In this section—
“deposit” must be read with—
section 22 of the Financial Services and Markets Act 2000;
any relevant order under that section; and
Schedule 2 to that Act;
“institution” means—
a body corporate wherever incorporated;
a partnership formed under the law of any part of the United Kingdom;
a partnership or other unincorporated association of two or more persons formed under the law of a member State other than the United Kingdom.]
Textual Amendments
F10Words in S. 107 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 190 (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F11S. 107(12) substituted (1.12.2001) by 2001/3649 arts. 1, 198(2)
Marginal Citations
Textual Amendments
F12S. 108 repealed (1.12.1997) by 1997 c. 32, ss. 43, 46(2), Sch. 7 para. 50, Sch. 9; S.I. 1997/2668, art. 2, Sch. Pt. I(j)(k)(l)(xiii)(o)(vi)
[F13(1)]The following instruments shall be exempted from all such stamp duties (if any) as apart from this section would be chargeable on them, that is to say—
(a)any copy of the rules of a building society;
(b)any transfer of a share in a building society;
(c)any bond or other security to be given to, or on account of, a building society or by an officer of a building society;
(d)any instrument appointing an agent of a building society or revoking such an appointment; and
(e)any other instrument whatsoever which is required or authorised to be given, issued, signed, made or produced in pursuance of this Act or of the rules of a building society.
[F14(2)No transfer effected by subsection (6) or (7) of section 97 shall give rise to any liability to stamp duty]
Textual Amendments
F13S. 109 renumbered as s. 109(1) by Finance Act 1988 (c. 39, SIF 63:1), s. 145, Sch. 12 para. 8
F14S. 109(2) inserted by Finance Act 1988 (c. 39, SIF 63:1), s. 145, Sch. 12 para. 8
(1)Subject to subsection (3) below, any provision to which this section applies, whether contained in the rules of a building society or in any contract with a building society or otherwise, shall be void.
(2)This section applies to any provision for—
(a)exempting any director, other officer or person employed as auditor of a building society from any liability which, by virtue of any rule of law, would otherwise attach to him in respect of the negligence, default, breach of duty or breach of trust of which he may be guilty in relation to the society, or
(b)indemnifying any such person against any such liability.
[F15(3)Subsection (1) above shall not prevent a building society from
(a)purchasing and maintaining for a person insurance against any such liability, or
(b)indemnifying a person against any liability incurred by him in defending any proceedings (whether civil or criminal) in which judgment is given in his favour or he is acquitted.]
(4)Section 727 of the M7Companies Act 1985 or, as the case may be, Article 675 of the M8Companies (Northern Ireland) Order 1986 (which empower the court to grant relief in certain cases of negligence, default, breach of duty or breach of trust) shall apply in relation to officers and auditors of a building society as it applies in relation to officers and auditors a company.
(1)Notwithstanding any limitation on the time for the taking of proceedings contained in any Act, summary proceedings for any offence under this Act may, subject to subsection (2) below, be commenced by the [F16Authority] at any time within the period of one year beginning with the date of which evidence sufficient in the opinion of the [F16Authority] to justify a prosecution for the offence, comes to its knowledge.
(2)Nothing in subsection (1) above shall authorise the commencement of proceedings for any offence at a time more than three years after the date on which the offence was committed.
(3)For the purposes of subsection (1) of this section a certificate, purporting to be signed by or on behalf of the [F16Authority], as to the date on which such evidence as is mentioned in that subsection came to its knowledge, shall be conclusive evidence of that date.
(4)In the application of this section to Scotland, in subsection (1) the words “by the Authority” shall be omitted and in this section references to the [F16Authority] shall be read as references to the Lord Advocate.
(5)In the application of this section to Scotland, [F17section 136(3) of the Criminal Procedure (Scotland) Act 1995] shall apply for the purposes of this section as it applies for the purposes of that section.
Textual Amendments
F16Words in S. 111 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 190 (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F17Words in s. 111(5) substituted (S.) (1.4.1996) by 1995 c. 40, ss. 5, 7(2), Sch. 4 para. 65
(1)Where an offence under any provision of this Act committed by a building society is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, any officer of the society he, as well as the society, shall be guilty of that offence and liable to be proceeded against and punished in accordance with that provision.
F18(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)Where an offence under any provision of this Act committed by a body corporate other than a building society is proved to have been committed with the consent or connivance, or to be attributable to any neglect on the part of, any officer of the body corporate he, as well as the body corporate, shall be guilty of that offence and liable to be proceeded against and punished accordingly.
(4)In any proceedings for an offence under this Act, it shall be a defence for a person charged to prove that he took all reasonable precautions and exercised all due diligence to avoid the commission of such an offence by himself or any person under his control
Textual Amendments
F18S. 112(2) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
[F19(1)Any document bearing the seal or stamp of the Authority shall be received in evidence without further proof.
(1A)Any document purporting to have been signed by a person authorised to do so on behalf of the Authority shall, in the absence of any evidence to the contrary, be received in evidence without proof of the signature.
(1B)In subsections (1) and (1A), “document” means any document issued, received or created by the Authority for the purposes of or in connection with this Act.]
(2)Any printed document purporting to be a copy of the rules or memorandum of a building society, and certified by the secretary or other officer of the society to be a true copy of its rules or memorandum as registered, shall be received in evidence and shall, in the absence of any evidence to the contrary, be deemed to be a true copy of its rules or memorandum.
Textual Amendments
F19S. 113(1)-(1B) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) for s. 113(1) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 192 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
(1)Subject to any other provision of this Act or regulations under it, any record to be kept by a building society may be kept in any manner.
(2)Where any such record is not kept by making entries in a bound book, but by some other means, adequate precautions shall be taken for guarding against falsification and facilitating its discovery.
(3)The power in subsection (1) above includes power to keep the record by recording matters otherwise than in legible form so long as the recording is capable of being reproduced in a legible form; and any duty imposed by or under this Act to allow inspection of, or to furnish a copy of, the record or any part of it is to be treated as a duty to allow inspection of, or to furnish, a reproduction of the recording or of the relevant part of it in a legible form.
(4)The [F20Treasury may by regulations], make such provision in addition to subsection (3) above as [F21they consider] appropriate in connecton with such records as are kept otherwise than in legible form; and the regulations may make modifications of this Act so far as it relates to the records of building societies.
(5)If default is made in complying with this section the building society shall be liable on summary conviction—
(a)to a fine not exceeding level 4 on the standard scale, and
(b)in the case of a continuing offence, to an additional fine not exceeding £100 for every day during which the offence continues,
and so shall any officer who is also guilty of the offence.
Textual Amendments
F20Words in S. 114(4) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 193(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F21Words in s. 114(4) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 193(b) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
Modifications etc. (not altering text)
C1S. 114(4): Functions of Building Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2000/2617 arts. 2(b), 4(1) Sch. 1 Pt. III; S.I. 2001/3538, art. 2
(1)This section has effect in relation to any notice, directions or other document required or authorised by or under any provision of this Act or by the rules of a building society to be served on any person other than the [F22Authority] but subject, in the case of notices or other documents to be given or sent to members of a building society, to any provision of its rules.
F23(1A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)Any such document may be served on the person in question—
(a)by delivering it to him;
(b)by leaving it at his proper address; or
(c)by sending it by post to him at that address.
[F24(2A)The reference in subsection (2)(a) to delivering a document to a person includes a reference to sending it electronically to an electronic address which that person has notified for the purpose in accordance with express provision made by this Act.]
(3)Any such document may—
(a)in the case of a building society, be served on the secretary of the society;
(b)in the case of a body corporate (other than a building society), be served on the secretary or clerk of that body;
(c)in the case of a partnership, be served on any partner;
(d)in the case of an unincorporated association other than a partnership, be served on any member of its governing body.
(4)For the purposes of this section and section 7 of the M9Interpretation Act 1978 (service of documents) in its application to this section, the proper address of any person is—
(a)in the case of a building society or its secretary, the address of its principal office;
(b)in the case of a member of a building society, his registered address;
(c)in the case of a director or the chief executive of a building society, his officially notified address;
(d)in the case of a body corporate (other than a building society) its secretary or clerk, the address of its registered or principal office in the United Kingdom;
(e)in the case of an unincorporated association (other than a partnership) or a member of its governing body, its principal office in the United Kingdom;
and, in any other case, his last-known address (whether of his residence or of a place where he carries on business or is employed).
Textual Amendments
F22Words in S. 115(1) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 194(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F23S. 115(1A) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F24S. 115(2A) inserted (20.3.2003) by The Building Societies Act 1986 (Electronic Communications) Order 2003 (S.I. 2003/404), arts. 1(1), 8
Marginal Citations
(1)The Authority may, by directions under this section, make provision with respect to the form of, and the particulars to be included in, any document to be sent to it under this Act.
(2)The directions have effect subject to any other provision of or made under this Act.]
Textual Amendments
F25S. 116 substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 195 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
(1)Subject to the provisions of this section and Schedule 20, the financial year of building societies shall be the period of twelve months ending with 31st December.
(2)The initial financial year of a building society shall be such period as expires with the end of the calendar year in which it is established and the final financial year of a building society shall be such shorter period than twelve months as expires with the date as at which the society makes up its final accounts.
(3)A building society whose financial year does not, by virtue of the saving provisions of Schedule 20, end with 31st December may alter its financial year by making up its accounts for one period of more than 6 months, and not more than 18 months, ending with 31st December; and in relation to a building society exercising the power conferred by this subsection, references in this Act to a financial year of the society include references to that period.
(1)This section has effect for determining for the purposes of this Act whether, in any financial year, a building society has a “qualifying asset holding”.
(2)A building society has a qualifying asset holding in any financial year, if, and only if, the aggregate value of its total commercial assets, as shown in its annual accounts for the previous year, is not less than £100 million or such other amount as may be substituted for it under subsection (3) below.
(3)The Commission, with the consent of the Treasury, may by order made by statutory instrument substitute for the amount for the time being specified in subsection (2) above such other amount as the Commission considers appropriate.
(4)An order under subsection (3) above may contain such transitional provisions as the Commission considers necessary or expedient.
(5)An instrument containing an order under subsection (3) above shall be subject to annulment in pursuance of a resolution of either House of Parliament.]
Textual Amendments
F26S. 118 repealed (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 46(2), 47(3), Sch. 7 para. 52, Sch. 9; S.I. 1997/2668, art. 2, Sch. Pt. II(w)(y)(z)(xxx)(cc)(xv)
Textual Amendments
F27S. 118A repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
(1)In this Act, except where the context otherwise requires—
[F28“adopt” and “adopted”, in relation to powers, and “adoptable powers” have the meaning given by paragraph 1 of Schedule 2 of this Act;]
[F28“advance secured on land” and “advance fully secured on land” have the meanings given by section 10(1) and (11) and references to class 1 or class 2 advances are to be construed in accordance with sections 11 and 12;]
F28[F29“advance secured on third party land” has the meaning given by section 10(4A);]
“the annual accounts” has the meaning given by section 72(10);
“the annual business statement” has the meaning given by section 74(1);
“the applicable winding up legislation” and “the companies winding up legislation” have the meanings given by section 90;
[F30“associated undertaking” shall be construed in accordance with paragraph 20 of Schedule 4A to the M10Companies Act 1985 read—
in conjunction with sections 259 and 260 of, and paragraphs 5 to 11 of Schedule 10A to, that Act; and
as if the reference to an undertaking included in the consolidation were a reference to an undertaking which would be so included if consolidated accounts were being prepared at the material time;]
F31. . .
[F32“the Authority” means the Financial Services Authority;]
[F33“ballot” means an electronic ballot or a postal ballot, as the case may be;]
[F34“borrowing members’ resolution” has the meaning given by paragraph 29(1) of Schedule 2 to this Act and, subject to paragraph 29(2), “borrowing member” has the meaning given by paragraph 5 of that Schedule;]
“building society” means a building society incorporated (or deemed to be incorporated) under this Act;
F35. . .
F35. . .
F35. . .
[F36“connected undertaking” means a subsidiary undertaking or an associated undertaking;]
[F37“the court”, in relation to a building society, means the court which has jurisdiction under the applicable winding up legislation to wind up the society;]
F35. . .
“[F40Treasury], in a statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament;
” means shares of a class defined by order of the[F41“deposit” includes—
a loan; and
a subordinated deposit, that is to say, a deposit which, on a winding up, would fall to be repaid only after repayment in full had been made to the holders of shares in the society other than deferred shares,
and cognate expressions shall be construed accordingly;]
“dispose”, in relation to any property, includes the granting of any interest in or right over it;
[F33“electronic address” includes any number or address used for the purposes of receiving electronic communications which are sent electronically;]
[F33“electronic ballot”, in relation to an election or resolution of a building society, means the electronic ballot taking place, in accordance with paragraph 33A of Schedule 2 to this Act, in the case of the election or resolution;]
[F33“electronic communication” means an electronic communication within the meaning of the Electronic Communications Act 2000 the processing of which on receipt is intended to produce writing;]
“executive”, in relation to a director, means a person who holds office as a director and also as chief executive, secretary or manager;
“financial year” is to be construed in accordance with section 117;
“heritable security” means a security capable of being constituted over any land by disposition or assignation of that interest in security of any debt and of being recorded in the Register of Sasines or, as the case may be, in the Land Register of Scotland and includes a security constituted by a standard security and any other charge enforceable in the same manner as a standard security;
[F42“interest”, in relation to shares, includes dividends;]
F43. . .
[F44“land”, in the expression “loan secured on land”, has the meaning given by section 6A(8);
“loan secured on land” and “loan fully secured on land” shall be construed in accordance with sections 6A and 6B respectively;]
“manager”, in relation to a building society, means a person (other than the chief executive) employed by the society who, under the immediate authority of a director or the chief executive of the society exercises managerial functions or is responsible for maintaining accounts or other records of the society;
[F45“member” shall be construed in accordance with paragraph 5 of Schedule 2 to this Act;]
“memorandum” has the meaning given by paragraph 1 of Schedule 2 to the Act;
[F28“mobile home loan” means a loan under section 15;]
“mortgage” includes charge;
[F46“mortgage debt”, in relation to a loan secured on land and any time, means the total amount outstanding at that time in respect of—
the principal of the loan;
interest on the loan; and
any other sum which the borrower is obliged to pay the society under the terms of the loan;]
F47. . .
[F48“notice” means written notice but includes a notice in an electronic communication to the extent only that this Act provides for the manner in which the notice may be given electronically, and “notice to” and “notify” shall be construed accordingly;]
“officer”, in relation to a building society, means any director, chief executive, secretary or manager of the society; and, in relation to any offence, “officer” also includes any person who purports to act as an officer of the society; and in relation to any other body corporate means the corresponding officers of that body;
“officially notified”, in relation to the appointment or address of a director or the chief executive of a building society, means respectively notified to, and the last address notified to, the [F49Authority]under section 61(13) or 59(6), as the case may be;
[F50“ordinary resolution” means a resolution which will be effective without being passed as a special resolution, shareholding members’ resolution or borrowing members’ resolution;]
[F51“own funds” means own funds as defined in Section 1 of Chapter 2 of Title V of the Banking Consolidation Directive;]
F52. . .
[F33“postal ballot”, in relation to an election or resolution of a building society, means any postal ballot taking place by virtue of any rules of the society made in accordance with paragraph 33 of Schedule 2 to this Act, in the case of the election or resolution;]
“the public file”, in relation to a building society, means the file relating to the society which the [F53Authority] is required to maintain under section 106;
[F28“qualifying asset holding”, in relation to a building society, shall be construed in accordance with section 118;]
“registered address”, in relation to a member of a building society, has the meaning given by paragraph 13 of Schedule 2 to this Act;
“the repealed enactments” means the M11Building Societies Act 1962 or the M12Building Societies Act 1874 or, in relation to Northern Ireland, the M13Building Societies Act (Northern Ireland) 1967;
[F54“residential property” has the meaning given by section 5(10);]
[F55“”, in relation to a building society, shall be construed in accordance with section 8;]
“
” includes a potential shareholder or depositor;[F56“” has the meaning given by paragraph 5 of Schedule 2 to this Act;
“” resolution’ has the meaning given by paragraph 27A of that Schedule;]
“special resolution” has the meaning given by paragraph 27 of Schedule 2 to this Act;
[F28“subsidiary” [F57has the meaning given by section 736 of] the M14Companies Act 1985;]
F58[“Subsidiary undertaking” shall be construed in accordance with the provisions of section 258 of the Companies Act 1985, read in conjunction with sections 259 and 260 of, and Schedule 10A to, that Act;]
“summary financial statement” has the meaning given by section 76(1);
[F28“total commercial assets”, in relation to a building society, means the aggregate of its class 1 assets, its class 2 assets and its class 3 assets.]
[F59(1A)Any reference in this Act to the seal of the Authority is a reference to the seal provided for in regulations made under section 109(1)(b) of the Friendly Societies Act 1974 (and not to the Authority’s common seal).]
(2)In relation to [F60loans] secured on land in Scotland, “mortgage” means a heritable security, “mortgagor” and “mortgagee” mean respectively the debtor and creditor in a heritable security and connected expressions shall be construed accordingly.
F61(2A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F62(2B)In this Act “The Banking Consolidation Directive” means Directive 2000/12/EC of the European Parliament and of the Council of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions.
F63(2C). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
(3)For the purposes of any provision of this Act referring to the value of a person’s shareholding in a building society—
(a)the value of a person’s shares shall be taken as the amount standing to his credit in respect of payments made F64. . . on the shares and interest credited F64. . . by way of capitalisation; and
(b)shares held by a person to whom, as the holder of the share, the society has made [F65a loan], shall be disregarded.
F66[(3A)Any reference in this Act (however expressed) to loans being owed to a building society or a subsidiary undertaking of a building society is a reference to their being so owed either at law or in equity.]
F67[(4)Subject to [F68section 9A(7)]], the value in sterling of—
(a)any transaction effected by or with a building society or connected undertaking in another currency, or
(b)any assets or liabilities of a building society or connected undertaking denominated in another currency,
shall be determined for any purpose of this Act in accordance with directions given by the [F69Authority] under this subsection.
(5)The foregoing provisions of this Act shall be construed and have effect as if section 124 and Schedule 21 were contained in another Act and references in those provisions to this Act shall be construed accordingly.
Textual Amendments
F28Definitions in s. 119(1) repealed (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 46(2), 47(3), Sch. 7 para. 53(1)(a), Sch. 9; S.I. 1997/2668, art. 2, Sch. Pts. I(j)(k)(l)(xiv), II(w)(y)(z)(xxxi)(cc)(xvi)
F29Words in s. 119(1) inserted (3.1.1995) by 1994 c. 40, ss. 39, 82(2)(e), Sch. 11 para. 7(6)
F30Definition in s. 119(1) substituted for definitions (9.6.1997 for certain purposes only, 1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(b); S.I. 1997/1427, art. 2(k)(n)(xii); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F31Definition of “authorisation" in s. 119(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F32Definition of “the Authority" in s. 119(1) inserted (17.8.2001 for certain purposes otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 197(ii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F33Words in s. 119(1) inserted (20.3.2003) by The Building Societies Act 1986 (Electronic Communications) Order 2003 (S.I. 2003/404), arts. 1(1), 9(2)
F34Definition in s. 119(1) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(c); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F35Definitions of “the central office", “the Chief Registrar", “the Commission" and “the criteria of prudent management" in s. 119(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F36Definition in s. 119(1) inserted (9.6.1997 for certain purposes only, 1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(d); S.I. 1997/1427, art. 2(k)(n)(xii); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F37Definition in s. 119(1) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(e); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F38Words in S. 119(1) repealed (1.12.2001) by S.I. 2001/3649 art. 199(3)
F39Definition in s. 119(1) inserted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(f); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F40Words in the definition of “deferred shares" s. 119(1) substituted (17.8.2001 for certain purposes otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 197(a)(iv) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F41Definition in s. 119(1) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(g); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F42Definition in s. 119(1) inserted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(h); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F43Definition of “Investor Protection Board" in s. 119(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F44Definitions in s. 119(1) inserted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(i); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F45Definition in s. 119(1) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(j); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F46Definition in s. 119(1) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(k); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F47Definition of “non-EEA laws" in s. 119(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F48Words in s. 119(1) substituted (20.3.2003) by The Building Societies Act 1986 (Electronic Communications) Order 2003 (S.I. 2003/404), arts. 1(1), 9(3)
F49Words in the definition of “officially notified" in s. 119(1) substituted (17.8.2001 for certain purposes otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 197(a)(vii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F50Definition in s. 119(1) inserted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(l); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F51Words in S. 119(1) inserted (1.12.2001) by S.I. 2001/3649 art. 199(2)
F52Definition of “prescribed" in s. 119(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F53Words in the definition of “the public file" in s. 119(1) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 197(a)(ix) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F54Definition in s. 119(1) inserted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(m); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F55Definition in s. 119(1) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(n); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F56Definitions in s. 119(1) inserted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(1)(o); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F57Words substituted by virtue of Companies Act 1989 (c. 40, SIF 27), s. 145(4), Sch. 18 para. 45
F58Definition in s. 119(1) added (1.1.1993) by S.I. 1991/1729, art. 5
F59S. 119(1A) inserted (17.8.2001 for certain purposes otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 197(b) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F60Word in s. 119(2) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(2); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F61S. 119(2A)(2C) repealed (1.12.2001) by S.I. 2001/3649 art. 1999(4)
F62S. 119(2B)(2C) inserted (18.7.1996) by S.I. 1996/1669, reg. 23, Sch. 5 para. 5
F63S. 119(2A)(2C) repealed (1.12.2001) by S.I. 2001/3649 art. 1999(4)
F64Words in s. 119(3)(a) ceased to have effect (9.6.1997) by 1997 c. 32, s. 43, Sch. 7 para. 53(3)(a); and repealed (1.12.1997) by 1997 c. 32, s. 46(2), Sch. 9; S.I. 1997/1427, art. 2(k)(n)(xiii); S.I. 1997/2668, art. 2, Sch. Pt. I(j)(k)(l)(xiv)(o)(vii)
F65Words in s. 119(3)(b) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(3)(b); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F66S. 119(3A) inserted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(4); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F67S. 119(4) substituted (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 47(3), Sch. 7 para. 53(5); S.I. 1997/2668, art. 2, Sch. Pts. I(j)(l)(xiv), II(w)(z)(xxxi)
F68Words in S. 119(4) substituted (17.8.2001 for certain purposes otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 197(c)(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F69Words in s. 119(4) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 197(c)(ii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
Modifications etc. (not altering text)
C2S. 119(1): Functions of the Building Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2001/2617, arts. 2(b), 4(1), Sch. 1 Pt. III; S.I. 2001/3538, art. 2
C3Definition of “total commercial assets" modified by S.I. 1986/2168, art. 4(2)(a)(ii)(3)
Marginal Citations
(1)The enactment specified in Schedule 18 to this Act shall have effect with the amendments made by that Schedule.
(2)Subject to the saving provisions of Schedule 20, and of any order under section 121, the enactments specified in Schedule 19 to this Act are hereby repealed or revoked to the extent specified in the third column of that Schedule.
(3)Where any enactment amended or repealed or revoked by subsection (1) or (2) above extends to any part of the United Kingdom, the amendment or repeal or revocation extends to that part.
(4)The transitional and saving provisions of Schedule 20 to this Act shall have effect.
Modifications etc. (not altering text)
C4S. 120(2) excluded by S.I. 1986/2168, art. 2(2)
(1)The Treasury may, by order made by statutory instrument, make such provision as appears to them to be necessary or expedient for the purposes of the transition to the provisions of this Act from the existing enactments applicable in England and Wales, Scotland or Northern Ireland to building societies.
(2)An order under this section may—
(a)modify any of the existing enactments or provisions of this Act, in particular in their application to proceedings pending before the Chief Registrar or the Commission;
(b)create criminal offences or otherwise provide for the enforcement of obligations imposed by or under the order;
(c)provide for the charging of fees but not of any charge in the nature of taxation.
(3)An order under this section which contains any provision authorised by subsection (2)(b) or (c) above shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(4)In this section “the existing enactments” means the enactments in force at the passing of this Act, including any enactment amended by Schedule 18 to this Act.
Modifications etc. (not altering text)
(1)With the exception of [F70section 15,] section 124 and Schedule 21 and subject to section 120(3), this Act extends to Northern Ireland.
(2)Subject to any Order made by virtue of subsection (1)(a) of section 3 of the M15Northern Ireland Constitution Act 1973 building societies shall not be a transferred matter for the purposes of that Act but shall for the purposes of subsection (2) of that section be treated as specified in Schedule 3 to that Act.
Textual Amendments
F70Words in s. 122(1) repealed (1.12.1997 in specified cases and for specified purposes and otherwise in accordance with art. 2(2)(3)(5) of S.I. 1997/2668) by 1997 c. 32, ss. 43, 46(2), 47(3), Sch. 7 para. 54, Sch. 9; S.I. 1997/2668, art. 2, Sch. Pt. II(w)(y)(z)(xxxii)(cc)(xvii)
Marginal Citations
Textual Amendments
F71S. 123 repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
Prospective
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F72S. 124 repealed (22.7.2004) by Statute Law (Repeals) Act 2004 (c. 14), Sch. 1 Pt. 17 Group 2
This Act may be cited as the Building Societies Act 1986.
(1)This Act shall come into operation as follows.
(2)Part I (and Schedule 1) shall come into operation at the end of the period of two months beginning with the day on which this Act is passed.
(3)The remaining provisions of this Act, except sections 121, 124, 125, this section, in Schedule 20, paragraph 7 (and section 120(4) so far as it relates to that paragraph) and Schedule 21, shall come into operation on such day as the Treasury may appoint by order made by statutory instrument and different days may be appointed for different provisions or different purposes.
(4)Section 124 and Schedule 21 shall come into operation on such day as the Lord Chancellor may appoint by order made by statutory instrument.
(5)Any reference to the commencement of or the commencement date for a provision of this Act is a reference to the date appointed under this section for that provision to come into operation.
Modifications etc. (not altering text)
C6Power of appointment conferred by s. 126(3) partly exercised: S.I. 1986/1560, 1989/1083
C7Power of appointment conferred by s. 126(4) not yet exercised
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
Y Ddeddf Gyfan you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Y Rhestrau you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Pwynt Penodol mewn Amser: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys