Regulation 2 Interpretation

In these Regulations, except where the context requires otherwise—

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

• “merger” means an amalgamation of building societies under section 93 (Amalgamations) of the Act or a transfer (to any extent) of the engagements of one building society to another under section 94 (Transfer of engagements) of the Act, and “merge” has a corresponding meaning;

• “society” means a building society that proposes to transfer, or, as the case may be, has transferred, its business to a successor company under section 97 (Transfer of business to commercial company) of the Act and, in relation to a society which has so transferred its business, “member” means a former member of that society;

• “successor company” means a company to which a society proposes to transfer, or, as the case may be, has transferred, its business; and

• “vesting date” means the date which is the vesting date for the purpose of the transfer of a society’s business.