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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 December 2009 - onwards
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18A. Relationship framework.

(1)

(a) The Minister for Finance may from time to time-

(i) specify in writing a relationship framework to govern the relationship between a building society that issues one or more special investment shares to the Minister for Finance or that Minister's nominee, and that Minister or nominee, and

(ii) amend or revoke any such relationship framework.

(b) Such a relationship framework shall recognise the separation of the building society concerned from that Minister or nominee and limit the extent of any intervention by that Minister or nominee in the conduct of the building society's business to that necessary to protect the public interest.

(c) The relationship framework shall at all times comply with regulatory requirements.

(2) The building society concerned, the Minister for Finance and any nominee of that Minister shall act in accordance with any relationship framework specified under subsection (1).

(3) Parts 2 and 3 of the Competition Act 2002 shall not apply to the issue to the

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