Building Societies Act 1986U.K.
This section has no associated Explanatory Memorandum
34. In section 119 of the Building Societies Act 1986 M1 (interpretation)—
(a)in subsection (1), for the definition of “own funds” substitute—
““own funds” means own funds as defined in Article 4(1)(118) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council;”; and
(b)omit subsection (2B).
Marginal Citations
M11986 c.53. Section 119 was amended by S.I. 2001/3649, S.I 2006/3221, S.I. 2010/2628 and S.I. 2012/917. There are other amendments which are not relevant for these purposes.