# The Building Societies (Merger Notification Statement) Regulations 1999, Paragraph 1


The fact that the board of directors of the transferring society is proceeding to transfer the engagements of the society to the accepting society by board resolution at the direction of the Building Societies Commission.

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Source: https://www.legislation.gov.uk/uksi/1999/1215/schedule/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-merger-notification-statement-regulations-1999/schedule/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.