Financial Services Act 2012
2012 CHAPTER 21
Commentary
Part 3 – Mutual Societies
Building societies: miscellaneous
Section 55: Building societies: creation of floating charges
507.Section 9B of the Building Societies Act 1986 prohibits the creation of floating charges on the undertaking or property of a building society. Section 55 amends section 9B so as to allow the creation of a floating charge in connection with participation in a payment or securities settlement system.
- Previous
- Explanatory Notes Table of contents
- Next