(1) The Building Societies Act 1986 is amended as follows.

(2) In section 61 (directors: supplementary provisions as to elections, etc.) [Section 61(2) was substituted by section 28(1) of the Building Societies Act 1997.] -

(a) in paragraphs (b) and (c) of subsection (2), for "£100" substitute "£200";

(b) in subsection (3)(a), for "£250" substitute "£500".

(3) In section 64(2) (substantial property transactions involving directors and connected persons) [Section 64(2)(a) was amended by S.I. 1995/1872.] -

(a) in paragraph (a), for "£100,000" substitute "£200,000";

(b) in paragraph (b) -

(i) for "£500,000" substitute "£1,000,000";

(ii) for "£1,000" substitute "£2,000".

(4) In section 65 (restrictions on loans, etc. to directors and persons connected with them) [Section 65(2), (3), (4) and (6) were amended by S.I. 1995/1872.] -

(a) in subsection (2)(a), for "£5,000" substitute "£10,000";

(b) in subsection (2)(c), for "£100,000" substitute "£200,000";