Regulation 2 Interpretation

In these Regulations—

• “the Act” means the Building Societies Act 1986;

• “the accounting year 1987—88” means the period of 12 months ending on 31st March 1988;

• “amalgamation” means an amalgamation under section 93 of the Act;

• “the previous enactments” means the Building Societies Act 1962^f1 and the Building Societies Act (Northern Ireland) 1967^f2;

• “registered”, in relation to any time, means having the status of a society registered or deemed to be registered under the Act at that time;

• “the relevant year” means the period of 12 months ending on 31st December 1986;

• “society” means a building society;

• “transfer of engagements” means a transfer of engagements under section 19 of either of the previous enactments or under section 94 of the Act; and

• “union” means a union under section 18 of either of the previous enactments^f3.