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Building Societies Act 1997
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27(1)In subsection (2) of section 69 of the 1986 Act (records of income of related businesses)—U.K.
(a)in paragraph (b), for the word “advances” there shall be substituted the word “ loans ”; and
(b)for paragraph (c) there shall be substituted the following paragraph—
“(c)is not a connected undertaking of the society;”.
(2)In subsections (7)(b) and (8) of that section, after the words “its directors” there shall be inserted the words “ and other officers ”.
(3)In subsection (15) of that section, for the words “the prescribed fee” there shall be substituted the words “ such fee (not exceeding £5) as the society may from time to time determine ”.
Commencement Information
I1Sch. 7 para. 27 partly in force; Sch. 7 para. 27 not in force at Royal Assent see s. 47(3); Sch. 7 para. 27(2)(3) in force at 9.6.1997 by S.I. 1997/1427, art. 2; Sch. 7 para. 27(1) in force at 1.12.1997 by S.I. 1997/2668, art. 2, Sch. Pt. II (subject as mentioned in art. 2(2)-(5) of that S.I.)
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