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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 December 2001 - onwards
Version 2 of 2

Article 199 Repeal of unnecessary provisions etc.

(1) Section 119 of the Building Societies Act 1986 is amended as follows.

(2) In subsection (1) after the definition of "ordinary resolution" insert -

""own funds" means own funds as defined in Section 1 of Chapter 2 of Title V of the Banking Consolidation Directive;".

(3) In subsection (1) the definition of "currency" is repealed [The definition of "currency" was inserted by the Building Societies Act 1997 (c. 32) Schedule 7 paragraph 53(1)(f). ].

(4) Subsections (2A) and (2C) are repealed [Subsections (2A) and (2C) were inserted by S.I. 1996/1669, Schedule 5 paragraph 5 and amended by S.I. 2000/2952.].