# Building Societies Act 1986, Section 102: Transfer regulations.

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

(1) The Treasury may, by transfer regulations under this section, make provision regulating transfers of business under section 97.
(2) Transfer regulations may, in particular—
(a) make provision for and in connection with the transition from regulation by and under this Act to regulation by and under the Companies Acts . . .
(b) make provision for the treatment, in the hands of companies taking such transfers, of the property, rights and liabilities transferred and for the modification of any enactment in its application to property, rights and liabilities so transferred;
(c) make provision for the purposes of and incidental to section 100 and sections 101, 102B, 102C and 102D.
(3) The power to make transfer regulations is exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(4) Any terms of a transfer of business to which transfer regulations apply are regulated terms for the purposes of section 97.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/section/102 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/section-102
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.