Building Societies Act 1986 (Amendment) Act 2024

Section 7 of the Building Societies Act 1986 (the funding limit) is amended as follows.

In subsection (3) (disregarded funds), after paragraph (b) insert—

After subsection (9) insert—

Section 104 of the Building Societies Act 1986 (power to amend, etc. to assimilate company law) is amended as follows.

In subsection (2), before paragraph (a) insert—.

After subsection (3) insert—

This Act extends to England and Wales, Scotland and Northern Ireland.

This Act comes into force at the end of the period of two months beginning with the day on which it is passed.

The amendments made by this Act to section 104 of the Building Societies Act 1986 apply in relation to any modification of the statutory provisions in force in Great Britain or Northern Ireland relating to companies whether the modification is made before or after the coming into force of this Act (and for this purpose “modification” and “statutory provision” have the same meanings as in that section).

This Act may be cited as the Building Societies Act 1986 (Amendment) Act 2024.