The Building Societies Act 1986 (Commencement No. 1) Order 1986

Article 3

SCHEDULE 1 PROVISIONS OF THE ACT COMING INTO OPERATION ON 25TH SEPTEMBER 1986

PROVISION OF THE ACT	SUBJECT-MATTER OF PROVISION
Section 7, so far as it relates to orders under section 7(9).	Power to raise funds and borrow money and limit on non-retail borrowing.
Section 18, so far as it relates to designation orders under section 18(2)(c).	Power to invest in subsidiaries and other associated bodies.
Sections 38 to 40, so far as they relate to procedure following directions under paragraph 11(5)(c) of Schedule 20 to the Act.	Power to determine building society's powers (section 38); the determination: notification, effect, appeal (section 39); power to make prohibition orders (section 40).
Section 109, so far as it relates to the exemption from stamp duties of any instrument referred to in section 109(e) and required or authorised to be given, issued, signed, made or produced in pursuance of the Act.	Exemption from stamp duty.
Section 112(1), (3) and (4).	Offences: liability of officers and defence of due diligence.
Section 113, so far as it relates to a memorandum or rules agreed upon under paragraph 2 of Schedule 20 to the Act.	Evidence.
Section 115.	Service of notices.
Section 116.	Form of documents and power to prescribe fees.
Section 118.	Qualifying asset holding for certain powers.
Section 119.	Interpretation.
Section 120(4), so far as it relates to any provision of Schedule 20 to the Act specified in this Schedule.	Transitional and saving provisions.
Section 122.	Northern Ireland.
Section 123.	Expenses.
Schedule 20, paragraph 1.	Interpretation.
Schedule 20, paragraph 2.	Adoption of powers and alteration of rules.
Schedule 20, paragraphs 8 to 11.	Unlawful anticipation of powers (paragraph 8); penalty for breach of undertaking (paragraph 9); penalty for false declaration (paragraph 10); powers of central office (paragraph 11).
Schedule 20, paragraph 17.	Qualifying assets.