SCHEDULE 4PROVISIONS OF THE ACT COMING INTO OPERATION ON 1ST JANUARY 1988

Article 3

PROVISION OF THE ACT

SUBJECT-MATTER OF PROVISION

Section 18, so far as it empowers building societies to invest in or support corresponding European bodies.

Power to invest in subsidiaries and other associated bodies.

Section 36(5), (6), (8), (9), (11)(b), (c), (e) and (f) and (12).

Powers in event of breach of limits on certain assets and liabilities.

Sections 86 to 92, except as is specified for section 90 in Schedule 2 to this Order.

Dissolution and winding up.

Sections 97 to 102.

Transfer of business to commercial company.

Section 103(1), except as is specified in Schedule 2 to this Order.

Cancellation of registration.

Section 120(2), so far as it 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 Part VII (dealing with dissolution and winding up) of the 1962 Act and the 1967 Act respectively.

Repeals and revocations.

Schedule 2, paragraph 30.

Transfer resolutions.

Schedule 15, except as is specified in Schedule 2 to this Order.

Application of companies winding up legislation to building societies.

Schedule 17.

Transfers of business: supplementary provisions.

Schedule 19, so far as is also specified for section 120(2) in this Schedule.

Repeals and revocations.