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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order varies Schedule 8 to the Building Societies Act 1986 (which relates to the provision of services by building societies). It removes the restrictions on providing certain banking services to persons other than individuals. The services concerned are arranging the taking of deposits, providing guarantees and arranging the provision of guarantees.

A review of the cost of compliance with this Order has been undertaken and the resulting compliance cost assessment may be purchased from the Secretary, Building Societies Commission, 15 Great Marlborough Street, London W1V 2LL.