PART IIIMUTUAL SOCIETIES
CHAPTER IIPROCEDURES TAKING EFFECT AFTER COMMENCEMENT AS PROCEDURES UNDER THE AMENDED BUILDING SOCIETIES ACT
Prohibition orders under section 36A of the Building Societies ActI137
1
Where, before commencement—
a
a notice has been served under section 36A(1) of the original Building Societies Act21 of intention to make a prohibition order directed to a society;
b
no prohibition order has been made under section 36A(6) of that Act and the society has not been notified of a decision not to issue such an order,
the notice has effect after commencement as if it were a warning notice given under section 36A(5) of the amended Building Societies Act22.
2
A notice having effect under paragraph (1) has effect—
a
as if it stated that section 394 of the Act does not apply;
b
as if it informed the society that it may make representations to the Authority within a period of 28 days or within the period (if longer) specified for the purpose of section 36A(5)(c) of the original Building Societies Act.