Building Societies Act 1986

Part II U.K. Confirmation by [F1 appropriate authority] : Procedure

Textual Amendments

F1 Words in Sch. 17 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 60(2) (with Sch. 12)

6 U.K. An application by a building society for confirmation by the [F1 appropriate authority] of a transfer of its business tschedule 16o a company shall be made in such manner as the [F1 appropriate authority] may [F2 direct].

Textual Amendments

F2 Word in Sch. 17 para. 6 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. 212(d) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2

7 (1) Where a building society applies for confirmation of a transfer of its business, the society shall publish a notice of the application in any one or more of the London Gazette, the Edinburgh Gazette or the Belfast Gazette, as the [F1 appropriate 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 [F1 appropriate authority] with respect to the application;

(b) specify a date determined by the [F1 appropriate authority] before which any written representations or notice of a person’s intention to make oral representations must be received by the [F1 appropriate authority]; and

(c) specify a date determined by the [F1 appropriate authority] as the day on which it intends to hear any oral representations.

8 (1) After the date specified in the notice in pursuance of paragraph 7(2)(b) above, the Commission 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 society making the 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 Commission to the building society making the transfer.

(2) The Commission shall allow the building society making the transfer an opportunity to comment on the written representations, whether at a hearing or in writing, before the expiration of such period as the Commission specifies in a notice to the society.