Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 16 December 2016 - onwards
  Version 7 of 7    

84. Application of Part 1: general

This Part applies to building societies (within the meaning of section 119 of the Building Societies Act 1986 [1986 c. 53. There are amendments to section 119, but none is relevant.]) as it applies to banks, subject to -

(a) the provisions of the Table, and

(b) sections 84ZA to 84D (which relate to the second and fourth stabilisation options).

Section

Topic

Modification or note

[deleted]

 

 

13

Temporary public ownership

The procedure provided by section 85 has effect in place of share transfer orders.

14 to 32

Transfer of securities

The procedure provided by section 85 has effect in place of share transfer orders; and -

(a)

sections 28 and 30 do not apply, and

(b)

section 27 applies following an order under section 85 as following a share transfer order.

33

Property transfer instrument: nature

A property transfer instrument in respect of a building society may -

(a)

cancel shares in the building society;

(b)

confer

Comparing proposed amendment...