http://www.legislation.gov.uk/ukpga/1997/32/schedule/7/paragraph/27
Building Societies Act 1997
An Act to amend the Building Societies Act 1986; to make provision for amalgamating the Building Societies Investor Protection Board and the Deposit Protection Board into a single board and the Building Societies Investor Protection Fund and the Deposit Protection Fund into a single fund; and for connected purposes.
1997-03-21
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Statute Law Database
2015-12-30
Expert Participation
2015-03-26
SCHEDULES
SCHEDULE 7 Other amendments of 1986 Act
Records of income of related businesses
I127
1
In subsection (2) of section 69 of the 1986 Act (records of income of related businesses)—
a
in paragraph (b), for the word “advances” there shall be substituted the word “
loans
”
; and
b
for paragraph (c) there shall be substituted the following paragraph—
c
is not a connected undertaking of the society;
2
In subsections (7)(b) and (8) of that section, after the words “its directors” there shall be inserted the words “
and other officers
”
.
3
In subsection (15) of that section, for the words “the prescribed fee” there shall be substituted the words “
such fee (not exceeding £5) as the society may from time to time determine
”
.