Regulation 2 Interpretation

In these Regulations–

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

• “the accounting year 2000–2001” means the period of 12 months ending on 31st March 2001;

• “amalgamation” means an amalgamation under section 93 of the Act^f1;

• “operative date” means the date on which these Regulations come into force;

• “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 1999;

• “society” means a building society; and

• “transfer of engagements” means a transfer of engagements under section 94 of the Act^f2.