Building Societies Act 1986, Paragraph 11 is up to date with all changes known to be in force on or before 03 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.
11(1)A building society may change its principal office—U.K.
(a)in such manner as its rules direct, or
(b)if there is no such direction in the rules, [F1by an ordinary resolution].
(2)Notice of any such change and of the date of it shall, within seven days after the change, be sent to the [F2FCA] and the [F2FCA] shall keep the notice in the public file of the society.
(3)It is not necessary to alter the memorandum or rules of a building society by reason only that its principal office is changed.
(4)If a building society fails to send to the [F2FCA] a notice which it is required to send to it under sub-paragraph (2) above, the society shall be liable on summary conviction to a fine not exceeding level 4 on the standard scale and so shall any officer who is also guilty of the offence.
Textual Amendments
F1Words in Sch. 2 Pt. I para. 11(1)(b) substituted (9.6.1997) by 1997 c. 32, s. 43, Sch. 7 para. 56(9); S.I. 1997/1427, art. 2(k)(n)(xv)
F2Word in Sch. 2 para. 11 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 8 para. 53(7) (with Sch. 12)
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
