(1) Section 97(12) of the 1986 Act [Section 97(12) was amended by the Building Societies Act 1997 (c.32), section 43, Schedule 7, paragraph 45(3), and by S.I. 2001/2617.] applies in relation to a relevant transfer with the following modifications.

(2) At the appropriate places insert -

""the 2007 Act" means the Building Societies (Funding) and Mutual Societies (Transfers) Act 2007;";

""the 2009 Order" means the Mutual Societies (Transfers) Order 2009;";

""holding mutual" means the mutual society of which the successor is a subsidiary;";

""mutual society" has the same meaning as in section 3 of the 2007 Act;";

""parent undertaking" has the same meaning as in the Companies Acts (see section 1162 of, and Schedule 7 to, the Companies Act 2006 [2006 c.46.]);";

""subsidiary" (except in the term "subsidiary undertaking") has the same meaning as in section 3 of the 2007 Act;".