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157. In section 60(1)—
(a)in subsection (4), after the word “subsections” there is inserted “(4A),”,
(b)after subsection (4) there is inserted—
“(4A) A person in relation to whom there is in force a prohibition order made under section 56(2) of the Financial Services and Markets Act 2000 shall not be eligible to be elected as a director of a building society.”,
(c)for the word “Commission” in subsections (9) and (16) there is substituted “Treasury”, and
(d)for the words “it considers” in subsection (16) there is substituted “they consider”.
There are amendments to section 60 which are not relevant to this Order.
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