The Building Societies Act 1986 (Commencement No. 1) Order 1986

Article 3

SCHEDULE 2 PROVISIONS OF THE ACT COMING INTO OPERATION ON 1ST JANUARY 1987

PROVISION OF THE ACT	SUBJECT-MATTER OF PROVISION
Part II, except as is specified for section 7 in Schedule 1 to this Order.	Constitution of building societies.
Part III, except so far as— (a) is specified for section 18 in Schedule 1 to this Order, or (b) that section empowers building societies to invest in or support corresponding European bodies.	Advances, loans and other assets.
Part IV.	Protection of investors.
Section 34.	Powers to provide financial services or services relating to land.
Part VI, except— (a) section 36(5), (6), (8), (9), (11)(b), (c), (e) and (f) and (12), and (b) as is specified for sections 38 to 40 in Schedule 1 above.	Powers of control of the Commission.
Part VII.	Management of building societies.
Part VIII.	Accounts and audit.
Part IX, except sections 83(1) to (5) and 84(8) to (10).	Complaints and disputes.
Section 90, so far as it relates to paragraphs 58 and 59 of Schedule 15 to the Act.	Application of winding up legislation to building societies.
Sections 93 to 96.	Mergers.
Section 103(1), so far as it relates to societies dissolved by virtue of section 93(5) or 94(10).	Cancellation of registration.
Section 103(2) to (9).	Cancellation of registration.
Section 104.	Power to amend, etc. to assimilate to company law.
Section 105.	Limited power to anticipate future statutory instrument powers.
Section 106.	Public file of the society.
Section 107.	Restriction on use of certain names and descriptions.
Section 108.	Power to require building society to change misleading name.
Section 109, except as is specified in Schedule 1 to this Order.	Exemption from stamp duty.
Section 110.	Officers and auditors not to be exempted from liability.
Section 111.	Time limit for commencing proceedings.
Section 112(2).	Offences: liability of officers.
Section 113, except as is specified in Schedule 1 to this Order.	Evidence.
Section 114.	Records.
Section 117.	Financial year of building societies.
Section 120, except— (a) so far as subsection (2) relates to the repeal of any provision in— (i) the 1874 Act, (ii) the 1894 Act, or (iii) Schedule 5 to the 1960 Act, or of sections 28 to 31 (dealing with advances) or Part VII (dealing with dissolution and winding up) of the 1962 Act and the 1967 Act respectively, and (b) so far as subsection (4)— (i) has come into operation by virtue of section 126(3) of the Act, or (ii) is specified in Schedule 1 to this Order.	Amendments, repeals, revocations and transitional and saving provisions.
Schedule 2, except paragraph 30.	Establishment, incorporation and constitution of building societies.
Schedule 3.	Authorisation: supplementary provisions.
Schedule 4.	Advances: supplementary provisions.
Schedule 5.	The Building Societies Investor Protection Board.
Schedule 6.	Insolvency payments: trusts and joint or client account holdings.
Schedule 7.	Investors: special provisions.
Schedule 8.	Powers to provide services.
Schedule 9.	Directors: requisite particulars of restricted transactions.
Schedule 10.	Requisite particulars of income of related businesses.
Schedule 11.	Auditors: appointment, tenure, qualifications.
Schedule 12.	Schemes for investigation of complaints.
Schedule 13.	Schemes for investigation of complaints: recognition, accession, etc.
Schedule 14.	Settlement of disputes.
Schedule 15, paragraphs 58 and 59.	Insolvency of rules and fees.
Schedule 16.	Mergers: supplementary provisions.
Schedule 18.	Amendments of enactments.
Schedule 19, so far as is also specified for section 120(2) in this Schedule.	Repeals and revocations.
Schedule 20, paragraphs 3 to 6.	Adoption of powers and alteration of rules (paragraph 3); default powers (paragraph 4); registration with existing authorities (paragraph 5); authorisation under existing enactments (paragraph 6).
Schedule 20, paragraphs 12 to 16.	Permissible securities for advances (paragraphs 12 and 13); existing business names (paragraph 14); directors in office (paragraph 15); existing financial years (paragraph 16).
Schedule 20, paragraph 18.	Provision of conveyancing services for building societies.