{
  "url": "https://openlegislation.uk/building-societies-general-charge-and-fees-regulations-1998/note",
  "json_url": "https://openlegislation.uk/building-societies-general-charge-and-fees-regulations-1998/note.json",
  "legislation": "uksi/1998/675",
  "legislation_title": "The Building Societies (General Charge and Fees) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/building-societies-general-charge-and-fees-regulations-1998",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations supersede the Building Societies (General Charge and Fees) Regulations 1997, which are revoked. They provide for a general charge to be paid by authorised building societies towards the expenses of the Building Societies Commission. The charge is levied with respect to the Commission’s accounting year beginning on 1st April 1998 and ending on 31st March 1999 and is expected to raise £3.8 million in aggregate. Societies with assets of £40 million or less are required to pay a sum of £3,750 plus a sum equal to 0.0027 per cent of their assets. Societies with assets of more than £40 million are required to pay a sum of £5,000 plus a sum equal to 0.0027 per cent of their assets up to £30,000 million and 0.00135 per cent of their assets above that amount. In the case of a society formed by a recent amalgamation, a sum of £10,000 is payable plus a sum equal to the same percentage of the aggregated value of the uniting societies.\nThe Regulations also provide for fees to be paid in respect of particular functions of the Building Societies Commission in relation to mergers of societies and transfers of business to commercial companies and of the Central Office of the Registry of Friendly Societies under the Building Societies Act 1986, and fees to be paid by persons wishing to inspect or receive copies of documents in the custody of the Central Office. Some fees have not been increased and others have been increased on average by 3.5%.\nA compliance cost assessment of the effect that this instrument would have on the cost of business is available from the Secretary, Building Societies Commission, 30-34 Kingsway, London WC2B 6ES.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/675/note",
    "retrieved_at": "2026-10-29T11:34:51.300134+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."
}