Modifications etc. (not altering text)
C1Sch. 14 excluded (temp.) by S.I. 1986/2168, art. 3(1)(4)
4(1)If the rules of the society so provide, any dispute in respect of a refusal by a building society to send to its members—
(a)copies of an election address, in accordance with section 61(7), or
(b)any document required to be sent under paragraph 31(1) of Schedule 2 to this Act,
shall, unless the refusal is on one of the grounds specified in sub-paragraph (2) below, be referred to arbitration.
(2)Those grounds are—
(a)that publicity for the document in question would be likely to diminish substantially the confidence in the society of investing members of the public, or
(b)that the rights conferred by section 61(7) or paragraph 31(1) are being abused to seek needless publicity for defamatory matter.