{
  "url": "https://openlegislation.uk/building-societies-act-1997-commencement-no-3-order-1997/schedule/part-I",
  "json_url": "https://openlegislation.uk/building-societies-act-1997-commencement-no-3-order-1997/schedule/part-I.json",
  "legislation": "uksi/1997/2668",
  "legislation_title": "The Building Societies Act 1997 (Commencement No. 3) Order 1997",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1997-commencement-no-3-order-1997",
  "path": "schedule/part/I",
  "kind": "part",
  "number": "I",
  "heading": "PROVISIONS COMING INTO FORCE ON 1ST DECEMBER 1997",
  "text": "Provision\nSubject matter\n(a) Section 7 and Schedule 2.\nDischarge of mortgages.\n(b) Section 12(1)(a), so far as it relates to section 13(7) of and Schedule 4 to the 1986 Act.\nSuperseded provisions of 1986 Act (supplementary provisions as to mortgages).\n(c) Section 12(2) and (4).\nSuperseded provisions of 1986 Act (duties of mortgagee).\n(d) Section 22.\nStatements of principles etc. by Commission.\n(e) Section 30 and Schedule 5.\nInformation about transfers or proposed transfers of business.\n(f) Section 34.\nRecognised schemes for investigation of complaints.\n(g) Section 35.\nPersons entitled to have complaints investigated.\n(h) Section 36.\nRegistered and business names.\n(i) Section 39 and Schedule 6.\nApplication of certain insolvency legislation.\n(j) Section 43, so far as it relates to the provisions of Schedule 7 specified in this Part of this Schedule.\nAmendments of the 1986 Act.\n(k) Section 46, so far as it relates to the provisions of Schedule 8 and 9 specified in this Part of this Schedule.\nTransitional provisions, savings and repeals, etc.\n(l) In Schedule 7—\n(i) Paragraph 3(4).\nAuthorisation to raise funds and borrow money.\n(ii) Paragraph 4.\nThe Building Societies Investor Protection Board.\n(iii) Paragraph 7(2), (3) and (4).\nPayments to investors.\n(iv) Paragraph 10.\nPower to obtain information.\n(v) Paragraph 14, so far as not already in force.\nRevocation of authorisation.\n(vi) Paragraph 15(2).\nReauthorisation.\n(vii) Paragraph 36.\nInvestigation of complaints: supplementary provisions.\n(viii) Paragraph 41(a).\nAmalgamations.\n(ix) Paragraph 43.\nMergers: provisions supplementing sections 93 and 94.\n(x) Paragraph 44.\nMergers: compensation for loss of office etc.\n(xi) Paragraph 46.\nRegulated terms: compensation for loss of office etc.\n(xii) Paragraph 48.\nPower to amend etc. to assimilate to company law.\n(xiii) Paragraph 50.\nPower to require building society to change misleading name.\n(xiv) Paragraph 53, so far as not already in force, for the purpose of defining expressions used in provisions falling within this Part of this Schedule.\nInterpretation.\n(xv) Paragraph 61.\nAuditors: appointment, tenure and qualifications.\n(xvi) Paragraph 62.\nSchemes for investigation of complaints.\n(xvii) Paragraph 63.\nRecognition etc. of schemes for investigation of complaints.\n(xviii) Paragraph 64(5).\nSettlement of disputes.\n(xix) Paragraph 65.\nApplication of companies winding up legislation to building societies.\n(xx) Paragraph 66(1)(b), (2), (3) and (4).\nMergers: supplementary provisions.\n(xxi) Paragraph 67(b), so far as it relates to paragraphs 2 to 4 and 18 of Schedule 20 to the 1986 Act.\nTransitional and saving provisions.\n(m) In Schedule 8—\n(i) Paragraph 2.\nAlteration of purpose, powers and rules.\n(ii) Paragraph 3.\nDefault powers.\n(n) In Schedule 9, the repeal and revocation of the following provisions—\n(i) Section 86 of the Solicitors Act 1974.\n(ii) Regulation 41(5) of the Credit Institutions (Protection of Depositors) Regulations 1995.\n(o) In Schedule 9, the repeals of the following provisions of the 1986 Act—\n(i) In Part III, section 13(7) and Schedule 4.\n(ii) In section 28(2), the words “as in respect of a contractual debt incurred immediately before the institution began to be wound up”.\n(iii) In section 41, subsections (14) to (16).\n(iv) Section 84(1).\n(v) In section 95, subsections (7) to (9).\n(vi) Section 108.\n(vii) In section 119(3)(a), the words “by him” and “to him”.\n(viii) In Schedule 12, Part II.\n(ix) In Schedule 16, paragraph 1(5).\n(x) In Schedule 20, paragraphs 2 to 4 and 18.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1974 c. 47."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 1995/1442."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/2668/schedule/part/I",
    "retrieved_at": "2026-10-29T11:43:19.770440+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."
}