Article 2 Amendment of the small business turnover limit
(1)
The Building Societies Act 1986 is amended as follows.
(2)
In subsections (10) and (11)(c) of section 7 (the funding limit)f1 for “£1,000,000” substitute “£6,500,000”.
Annotations
Footnotes
- f1
-
Section 7(10) and (11) were inserted by section 138 of and paragraph 2(5) of Schedule 9 to the Financial Services (Banking Reform) Act 2013.