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- Point in Time (01/07/1995)
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Version Superseded: 01/12/1997
Point in time view as at 01/07/1995.
Building Societies Act 1986, Part I is up to date with all changes known to be in force on or before 11 October 2024. 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.
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The matters for which provision is, subject to Parts II and III of this Schedule, to be made are the following:
1The establishment and functioning of an independent body (whether corporate or unincorporate) which is to administer the scheme.
2The identity of the members.
3The manner in which the expenses of the scheme are to be met by the members.
4The appointment of an independent adjudicator to conduct investigations under the scheme and his tenure of office and remuneration.
5The matters action in relation to which is to be subject to investigation under the scheme and the grounds for making it subject to investigation.
6The duty of the adjudicator to investigate, and make determinations on, actions duly referred for investigation.
7The powers of, and procedure to be followed in the conduct of investigations by, the adjudicator.
8The powers of the adjudicator on the making of determinations.
9The extent to which determinations are binding.
10The manner in which determinations are to be communicated and published.
11The making to the body administering the scheme of regular reports by the adjudicator as to the discharge of his functions, and their publication.
12The manner of amending or revoking the scheme.
13Accession to membership of other societies.
14Withdrawal from membership.
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