Version Superseded: 01/04/2013
Point in time view as at 20/03/2003.
Building Societies Act 1986, Cross Heading: Penal provisions is up to date with all changes known to be in force on or before 09 March 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.
30U.K.Sections 216 and 217 of the Act (restriction on re-use of name) do not apply.
31(1)Sections 218 and 219 (prosecution of delinquent officers) of the Act do not apply in relation to offences committed by members of a building society acting in that capacity.U.K.
(2)Sections 218(5) of the Act and subsections (1) and (2) of section 219 of the Act do not apply.
(3)The references in subsections (3) and (4) of section 219 of the Act to the Secretary of State shall have effect as references to the F1Authority; and the reference in subsection (3) to subsection 218 of the Act shall have effect as a reference to that section as supplemented by paragraph 32 below.
Textual Amendments
F1Words in Sch. 15 para. 31(3) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 209(f) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
32(1)Where a report is made to the prosecuting authority (within the meaning of section 218) under section 218(4) of the Act, in relation to an officer of a building society, he may, if he thinks fit, refer the matter to the [F2Authority] for further enquiry.U.K.
(2)On such a reference to it the [F3Authority] shall exercise its power under section 55(1) of this Act to appoint one or more investigators to investigate and report on the matter.
(3)An answer given by a person to a question put to him in exercise of the powers conferred by section 55 on a person so appointed may be used in evidence against the person giving it.
Textual Amendments
F2Words in Sch. 15 para. 32(1)(2) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 209(f) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
F3Words in Sch. 15 para. 32(1)(2) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 209(f) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2
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