- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/12/1997)
- Gwreiddiol (Fel y'i Deddfwyd)
Building Societies Act 1997
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Rhagor o Adnoddau
Changes over time for: Section 20
Version Superseded: 17/08/2001
Alternative versions:
- 09/06/1997- Amendment
- 01/12/1997
Point in time - 17/08/2001- Amendment
- 01/12/2001- Amendment
Status:
Point in time view as at 01/12/1997. This version of this provision has been superseded.
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20 Notification and confirmation of supplementary directions.U.K.
After section 43A of the 1986 Act there shall be inserted the following section—
“43B Notification and confirmation of supplementary directions.
(1)A direction under section 43A shall be given by notice in writing and may be varied by a further direction; and a direction may be revoked by the Commission by a notice in writing to the building society concerned.
(2)A direction under that section, except one varying a previous direction with the agreement of the building society concerned—
(a)shall state the reasons for which it is given and give particulars of the society’s rights under subsection (4) below and section 46; and
(b)without prejudice to section 43A(4), (5) and (6), shall cease to have effect at the end of the period of 28 days beginning with the day on which it is given unless before the end of that period it is confirmed by a further written notice given by the Commission to the society concerned.
(3)Where a direction requires the removal of a person as director or other officer of a building society, the Commission shall give that person a copy of the direction (together with a statement of his rights under subsection (4) below) and, if the direction is confirmed, a copy of the notice mentioned in subsection (2)(b) above.
(4)A building society to which a direction is given which requires confirmation under subsection (2) above and a person who is given a copy of it under subsection (3) above may, within the period of 14 days beginning with the day on which the direction is given, make written representations to the Commission; and the Commission shall take any such representations into account in deciding whether to confirm the direction.
(5)The Commission may omit from the copies given to a person under subsection (3) above any matter which does not relate to him.”
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