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1.—(1) This Order may be cited as the Building Societies (Floating Charges and Other Provisions) Order 2016, and subject to paragraph (2) comes into force on the day after the day on which it is made.
(2) Articles 5 and 7 come into force immediately after articles 2, 3 and 4.
(3) In this Order “the Act” means the Building Societies Act 1986(1).
(4) The amendments made by articles 2 to 5 and 7 apply in relation to a floating charge created by a building society on or after the day on which this Order comes into force.
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