{
  "url": "https://openlegislation.uk/building-societies-act-1986-commencement-no-1-order-1986/schedule-1",
  "json_url": "https://openlegislation.uk/building-societies-act-1986-commencement-no-1-order-1986/schedule-1.json",
  "legislation": "uksi/1986/1560",
  "legislation_title": "The Building Societies Act 1986 (Commencement No. 1) Order 1986",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1986-commencement-no-1-order-1986",
  "path": "schedule/1",
  "kind": "schedule",
  "number": "1",
  "heading": "PROVISIONS OF THE ACT COMING INTO OPERATION ON 25TH SEPTEMBER 1986",
  "text": "PROVISION OF THE ACT\nSUBJECT-MATTER OF PROVISION\nSection 7, so far as it relates to orders under section 7(9).\nPower to raise funds and borrow money and limit on non-retail borrowing.\nSection 18, so far as it relates to designation orders under section 18(2)(c).\nPower to invest in subsidiaries and other associated bodies.\nSections 38 to 40, so far as they relate to procedure following directions under paragraph 11(5)(c) of Schedule 20 to the Act.\nPower to determine building society's powers (section 38); the determination: notification, effect, appeal (section 39); power to make prohibition orders (section 40).\nSection 109, so far as it relates to the exemption from stamp duties of any instrument referred to in section 109(e) and required or authorised to be given, issued, signed, made or produced in pursuance of the Act.\nExemption from stamp duty.\nSection 112(1), (3) and (4).\nOffences: liability of officers and defence of due diligence.\nSection 113, so far as it relates to a memorandum or rules agreed upon under paragraph 2 of Schedule 20 to the Act.\nEvidence.\nSection 115.\nService of notices.\nSection 116.\nForm of documents and power to prescribe fees.\nSection 118.\nQualifying asset holding for certain powers.\nSection 119.\nInterpretation.\nSection 120(4), so far as it relates to any provision of Schedule 20 to the Act specified in this Schedule.\nTransitional and saving provisions.\nSection 122.\nNorthern Ireland.\nSection 123.\nExpenses.\nSchedule 20, paragraph 1.\nInterpretation.\nSchedule 20, paragraph 2.\nAdoption of powers and alteration of rules.\nSchedule 20, paragraphs 8 to 11.\nUnlawful anticipation of powers (paragraph 8); penalty for breach of undertaking (paragraph 9); penalty for false declaration (paragraph 10); powers of central office (paragraph 11).\nSchedule 20, paragraph 17.\nQualifying assets.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1986/1560/schedule/1",
    "retrieved_at": "2026-10-29T16:41:39.111222+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}