The Credit Institutions (Protection of Depositors)Regulations 1995

Repayments in respect of contributions

42.—(1) In subsection (1) of section 29 of the 1986 Act (repayments in respect of contributions), for the words “building society” there shall be substituted the words “participating institution”.

(2) In subsection (2) of that section—

(a) for the words “building society” there shall be substituted the words “participating institution”;

(b) for the words “contributory societies” there shall be substituted the words “contributory institutions”; and

(c) for the words “such society” there shall be substituted the words “such institution”.

(3) In subsection (3) of that section, for the words “building society” there shall be substituted the words “participating institution”.

(4) In subsection (4) of that section—

(a) for the words “building societies” there shall be substituted the words “participating institutions”;

(b) for the words “building society”, in both places where they occur, there shall be substituted the words “participating institution”; and

(c) for the words “those societies”, in both places where they occur, there shall be substituted the words “those institutions”.

(5) In subsection (5) of that section, for the word “societies”, in both places where it occurs, there shall be substituted the word “institutions”.

(6) In subsection (7) of that section—

(a) for the words “contributory societies” there shall be substituted the words “contributory institutions”; and

(b) for the word “society” there shall be substituted the word “institution”.

(7) In subsection (8) of that section—

(a) for the words “building societies” there shall be substituted the words “participating institutions”; and

(b) for the words “contributory societies” there shall be substituted the words “contributory institutions”.