# Building Societies Act 1986, Paragraph 48

Extent: E+W+S+N.I.

(1) Article 110 (consequences of winding-up order) shall have effect with the following modifications.
(2) Paragraphs (1) and (3) shall be omitted.
(3) A building society shall, within 15 days of a winding-up order being made in respect of it, give notice of the order to the FCA and, if the society is a PRA-authorised person, the PRA ; and the FCA must keep the notice in the public file of the society.
(4) If a building society fails to comply with sub-paragraph (3) above, it shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale; and so shall any officer who is also guilty of the offence.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/15/paragraph/48 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-15/paragraph-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.