This Order brings into operation, over a period starting on 25th September 1986 and finishing on 1st January 1988, all the provisions of the Building Societies Act 1986 not brought into operation by the Act except—
(a)section 35 (prohibition on linking services);
(b) section 120(2) and Schedule 19 (repeals and revocations) so far as they would repeal sections 28 to 31 (general provisions for advances on mortgage) of the Building Societies Act 1962 and of the Building Societies Act (Northern Ireland)1967 respectively; and
(c)section 124 and Schedule 21 (recognition of institutions and practitioners for provision of conveyancing services).
No provisions for the transition to the 1986 Act from previous legislation are contained in this Order, which is made under section 126(3) of the 1986 Act. Such provisions fall to be made in orders under section 121 of the 1986 Act.