Building Societies Act 1986

Part III U.K. Confirmation by [F1 Authority]: Procedure

Textual Amendments

F1 Words in Sch. 16 para. Pt. III (Heading) 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. 211(a)(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

7 U.K. An application for confirmation by the [F2 Authority] of an amalgamation or transfer of engagements shall be made in such manner as the [F2 Authority] may [F3 direct].

Textual Amendments

F2 Words in Sch. 16 para. 7 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. 211(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

F3 Word in Sch. 16 para. 7 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. 211(b) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

8 (1) Where a building society applies to the [F4 Authority] for confirmation of an amalgamation or transfer or engagements, the society shall publish notice of the application in any one or more of the London Gazette, the Edinburgh Gazette or the Belfast Gazette, as the [F4 Authority] directs and, if it so directs, in one or more newspapers. U.K.

(2) A notice published in pursuance of sub-paragraph (1) above shall—

(a) state that any interested party has the right to make representations to the [F4 Authority] with respect to the application; and

(b) specify a date determined by the [F4 Authority] before which any written representations or notice of a person’s intention to make oral representations must be received by the Commission; and

(c) specify a date determined by the [F4 Authority] as the day on which it intends to hear any oral representations.

Textual Amendments

F4 Words in Sch. 16 para. 8 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. 211(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

9 (1) After the date specified in pursuance of paragraph 8(2)(b) above, the [F5 Authority] shall— U.K.

(a) determine the time and place at which oral representations may be made;

(b) give notice of that determination to the building societies participating in the amalgamation or transfer and any persons who have given notice of their intention to make oral representations; and

(c) send copies of the written representations received by the [F5 Authority] to the building societies participating in the amalgamation or transfer.

(2) The [F5 Authority] shall allow any building society participating in the amalgamation or transfer an opportunity to comment on the written representations, whether at a hearing or in writing before the expiration of such period as the [F5 Authority] specifies in a notice to the society.

Textual Amendments

F5 Words in Sch. 16 paras. 9 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. 211(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2