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Housing Act 1985

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Changes over time for: Section 448

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Status:

Point in time view as at 26/01/2019.

Changes to legislation:

Housing Act 1985, Section 448 is up to date with all changes known to be in force on or before 27 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

448Recognised savings institutions.E+W

(1)The savings institutions recognised for the purposes of section 446 (qualifying conditions as to savings) are—

[F1an authorised deposit taker]

F2. . .

  • local authorities

  • F2. . .

  • F2. . .

  • friendly societies, [F3and]

  • the Director of Savings, F4. . .

  • F4. . .

  • [F5Swansea Building Society]

and savings institutions recognised for the purposes of the corresponding provisions in force in Scotland or Northern Ireland.

(2)The Secretary of State may by order made with the consent of the Treasury—

(a)add to the list in subsection (1), or

(b)direct that a named body shall no longer be a recognised savings institution;

but before making an order under paragraph (b) he shall give an opportunity for representations to be made on behalf of the body concerned.

(3)An order shall be made by statutory instrument.

Textual Amendments

F1Words in s. 448(1) inserted (1.12.2001) by S.I. 2001/3649, arts. 1, 299(6)(b)

F2Words in s. 448(1) repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 299(6)(a)

F3Word in s. 448(1) inserted (26.3.2001) by S.I. 2001/1149, art. 3(1), Sch. 1 para. 63

F4Words in s. 448(1) repealed (26.3.2001) by S.I. 2001/1149, art. 3(2), Sch. 2 (with art. 4(11))

F5Entry added by S.I. 1986/1490, art. 2

Modifications etc. (not altering text)

C1Ss. 445–450: power to amend or repeal conferred by Local Government and Housing Act 1989 (c. 42, SIF 61), s. 171(1)(a)(2)

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