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Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. word substituted by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 213(6)
Sch. para. 1 words substituted by Financial Services Act 2012 (Mutual Societies) 2013 Sch. 10 para. 5(2)(b)
Sch. para. 2 words substituted by Financial Services Act 2012 (Mutual Societies) 2013 Sch. 10 para. 5(2)(b)

Where the engagements of the transferring society are to be divided between two or more accepting societies, a description of the basis on which the engagements of the transferring society have been allocated to each of the accepting societies and a summary describing the engagements of the transferring society allocated to each of the accepting societies.