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Building Societies Act 1986

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Changes over time for: Section 54

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Version Superseded: 01/10/2007

Status:

Point in time view as at 22/12/2004. This version of this provision has been superseded. Help about Status

Changes to legislation:

Building Societies Act 1986, Section 54 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. Help about Changes to Legislation

54Information disclosed to [F1Authority] from other sources.U.K.

(1)If and in so far as it appears to the Secretary of State that the disclosure of any information will enable the [F1Authority] better to discharge its functions under this Act (but not otherwise),—

(a)information obtained by the Secretary of State under section 447 or 448 of the M1Companies Act 1985 (inspection of companies’ books and papers) may be disclosed to the [F1Authority] or further disclosed, notwithstanding the provision as to security of information contained in section 449 or that Act; and

(b)where the information is contained in a report made by inspectors appointed under section 431, 432, 442 or 446 of the Companies Act 1985 (investigation of affairs or ownership of companies and certain other bodies corporate) the Secretary of State may furnish a copy of the report to the [F1Authority].

(2)If and in so far as it appears to the Department of Economic Development that the disclosure of any information will enable the [F1Authority] better to discharge its functions under this Act (but not otherwise),—

(a)information obtained by the Department under Article 440 or 441 or the M2Companies (Northern Ireland) Order 1986 (inspection of companies’ books and papers) may be disclosed or further disclosed to the [F1Authority], notwithstanding the provision as to security of information contained in Article 442 of that Order; and

(b)where the information is contained in a report made by inspectors under Article 424, 425, 435 or 439 of the M3Companies (Northern Ireland) Order 1986 (investigation of affairs or ownership of companies and certain other bodies corporate) the Department may furnish a copy of the report to the [F1Authority].

F2(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(3A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(3B). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(3C). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1Words in s. 54(1)(2) and side-note substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2(a)(b), 8, 13(1), Sch. 3 para. 153(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F2S. 54(3)-(6) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

Modifications etc. (not altering text)

Marginal Citations

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