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The Building Societies Act 1997 (Expiry of Transitional Period) Order 1998

S.I. 1998/2835 · Made 18 November 1998

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

BUILDING SOCIETIES

Made 18th November 1998

The Building Societies Commission, with the consent of the Treasury, in exercise of the powers conferred on it by paragraph 2(7) of Schedule 8 to the Building Societies Act 1997f1 hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1997 c. 32.

Contents

  1. 1Citation and interpretation
  2. 2Expiry of transitional period
  3. Signature
  4. Explanatory note

1Citation and interpretation

(1)

This Order may be cited as the Building Societies Act 1997 (Expiry of Transitional Period) Order 1998.

(2)

In this Order “the transitional period” means the period defined in paragraphs 2(7) and 3(6) of Schedule 8 to the Building Societies Act 1997 as beginning with the commencement of sections 1 and 2 of the Building Societies Act 1997 on 1st December 1997f1 and expiring with such day as the Commission, with the consent of the Treasury, prescribes by order made by statutory instrument.

2Expiry of transitional period

The transitional period shall expire on 30th April 1999.

Signature

G.S. Johnson

Secretary to the Commission

We consent to this Order.

L.S.

David Jamieson

Clive Betts

Two of the Lords Commissioners of Her Majesty’s Treasury

18th November 1998

Explanatory note

(This note is not part of the Order)

This Order ends the transitional period provided for in Schedule 8 to the Building Societies Act 1997 for the alteration of building societies' purposes, powers and rules to secure conformity with the Building Societies Act 1986 as amended by sections 1 and 2 of the Building Societies Act 1997.