# The Building Societies (Transfer of Business) Regulations 1988, 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.

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Source: https://www.legislation.gov.uk/uksi/1988/1153/regulation/2 (the official version)
Page: https://openlegislation.uk/building-societies-transfer-of-business-regulations-1988/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.