(1) For subsections (1) and (2) of section 61 of the 1986 Act (directors: supplementary provisions as to elections etc.) there shall be substituted the following subsections -
"(1) Rules made under section 60(10)(a), in order to comply with this section, must not require -
(a) in the case of a society whose total commercial assets do not exceed £100 million, more than 10 members;
(b) in the case of a society whose total commercial assets exceed £100 million but do not exceed £250 million, more than 20 members;
(c) in the case of a society whose total commercial assets exceed £250 million but do not exceed £1,000 million, more than 30 members;
(d) in the case of a society whose total commercial assets exceed £1,000 million but do not exceed £5,000 million, more than 40 members; and
(e) in the case of a society whose total commercial assets exceed £5,000 million, more than 50 members,
to join in nominating a person for election as a director.
(2) Rules under section 60(10)(b), in
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