Building Societies Act 1986

Part II U.K. Confirmation by [F1 Authority]: Procedure

Textual Amendments

F1 Words in Sch. 17 Pt II Heading substituted (17.8.2001 for certain purposes) (1.12.2001 for all purposes) by S.I. 2001/2617, ss. 2, 8, 13 Sch. 3 Pt. II para. 212(a) (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2

6 U.K. An application by a building society for confirmation by the [F2 Authority] of a transfer of its business tschedule 16o a company shall be made in such manner as the [F2 Authority] may [F3 direct].

Textual Amendments

F2 Words in Sch. 17 para. 6 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. 212(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

F3 Word in Sch. 17 para. 6 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. 212(d) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

7 (1) Where a building society applies for confirmation of a transfer of its business, the society shall publish a notice of the application in any one or more of the London Gazette, the Edinburgh Gazette or the Belfast Gazette, as the [F4 Authority] directs and, if it so directs, in one or more newspapers. U.K.

(2) A notice published in pursuance of sub-paragraph (1) above shall—

(a) state that any interested party has the right to make representations to the [F4 Authority] with respect to the application;

(b) specify a date determined by the [F4 Authority] before which any written representations or notice of a person’s intention to make oral representations must be received by the [F4 Authority]; and

(c) specify a date determined by the [F4 Authority] as the day on which it intends to hear any oral representations.

Textual Amendments

F4 Words in Sch. 17 para. 7 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. 212(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

8 (1) After the date specified in the notice in pursuance of paragraph 7(2)(b) above, the Commission shall— U.K.

(a) determine the time and place at which oral representations may be made;

(b) give notice of that determination to the building society making the transfer and any persons who have given notice of their intention to make oral representations; and

(c) send copies of the written representations received by the Commission to the building society making the transfer.

(2) The Commission shall allow the building society making the transfer an opportunity to comment on the written representations, whether at a hearing or in writing, before the expiration of such period as the Commission specifies in a notice to the society.