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The Building Societies (Transfer of Business) Regulations 1998

S.I. 1998/212 · Made 4 February 1998 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 31 December 2020.

BUILDING SOCIETIES

Made 4th February 1998

Laid before Parliament 6th February 1998

Coming into force 2nd March 1998

The Building Societies Commission, with the consent of the Treasury, in exercise of the powers conferred upon it by sections 42B(8)(b) and 102(1) and (2) of, and paragraph 5(1) and (2) of Schedule 17 to, the Building Societies Act 1986f1, and of all other powers enabling it in that behalf, hereby makes the following Regulations—C1

Annotations to the whole text

Modifications

C1

Regulations applied in part (with modifications) (5.3.2009) by The Mutual Societies (Transfers) Order 2009 (S.I. 2009/509), arts. 1(2), 14-17 (with arts. 3, 18)

Footnotes

f1

1986 c. 53; section 42B was inserted by the Building Societies Act 1997 (c. 32), s. 17(1); s. 102 was amended by the Banking Act 1987 (c. 22), s. 108(1) and Schedule 6, paragraph 26 and by the Building Societies (Distributions) Act 1997 (c. 41), s. 1(3); Schedule 17 was amended by the Building Societies Act 1997 (c. 32), s. 30(3) and Schedule 5.

Contents

  1. 1Citation and commencement
  2. 2Interpretation
  3. 3Transfer Statements
  4. 4Transfer Summaries
  5. 5Transfer Notification Statements
  6. 6Construction of agreements and deeds
  7. 7Construction of other documents
  8. 8Rights, powers and remedies
  9. 9Legal proceedings
  10. 10Revocation
  11. Signature
  12. Schedule 1: PRESCRIBED MATTERS FOR TRANSFER STATEMENTS
  13. Part I: MATTERS OF WHICH PARTICULARS ARE TO BE INCLUDED IN THE CASE OF ANY TRANSFER
  14. 1Paragraph 1
  15. 2Paragraph 2
  16. 3Paragraph 3
  17. 4Paragraph 4
  18. 5Paragraph 5
  19. 6Paragraph 6
  20. 7Paragraph 7
  21. 8Paragraph 8
  22. 9Paragraph 9
  23. 10Paragraph 10
  24. 11Paragraph 11
  25. 12Paragraph 12
  26. 13Paragraph 13
  27. 14Paragraph 14
  28. 15Paragraph 15
  29. 16Paragraph 16
  30. 17Paragraph 17
  31. 18Paragraph 18
  32. 19Paragraph 19
  33. 20Paragraph 20
  34. 21Paragraph 21
  35. 22Paragraph 22
  36. 23Paragraph 23
  37. 24Paragraph 24
  38. 25Paragraph 25
  39. 26Paragraph 26
  40. 27Paragraph 27
  41. 28Paragraph 28
  42. Part II: MATTERS OF WHICH PARTICULARS ARE TO BE INCLUDED IN THE CASE OF A TRANSFER TO AN EXISTING COMPANY
  43. 1Paragraph 1
  44. 2Paragraph 2
  45. 3Paragraph 3
  46. 4Paragraph 4
  47. 5Paragraph 5
  48. 6Paragraph 6
  49. 7Paragraph 7
  50. 8Paragraph 8
  51. 9Paragraph 9
  52. 10Paragraph 10
  53. 11Paragraph 11
  54. 12Paragraph 12
  55. Part III: MATTERS OF WHICH PARTICULARS ARE TO BE INCLUDED IN THE CASE OF A TRANSFER TO A SPECIALLY FORMED COMPANY
  56. 1Paragraph 1
  57. 2Paragraph 2
  58. 3Paragraph 3
  59. 4Paragraph 4
  60. 5Paragraph 5
  61. Part IV: MATTERS OF WHICH PARTICULARS ARE TO BE INCLUDED IN A CASE WHERE SHARES OR RIGHTS IN RELATION TO SHARES ARE TO BE OFFERED IN CONNECTION WITH A TRANSFER
  62. 1Paragraph 1
  63. 2Paragraph 2
  64. 3Paragraph 3
  65. 4Paragraph 4
  66. 5Paragraph 5
  67. Schedule 2: SPECIFIED INFORMATION FOR TRANSFER SUMMARIES
  68. 1Paragraph 1
  69. 2Paragraph 2
  70. 3Paragraph 3
  71. 4Paragraph 4
  72. Schedule 3: PRESCRIBED MATTERS FOR TRANSFER NOTIFICATION STATEMENTS
  73. 1Paragraph 1
  74. 2Paragraph 2
  75. 3Paragraph 3
  76. 4Paragraph 4
  77. 5Paragraph 5
  78. 6Paragraph 6
  79. 7Paragraph 7
  80. 8Paragraph 8
  81. 9Paragraph 9
  82. 10Paragraph 10
  83. 11Paragraph 11
  84. 12Paragraph 12
  85. 13Paragraph 13
  86. 14Paragraph 14
  87. 15Paragraph 15
  88. 16Paragraph 16
  89. 17Paragraph 17
  90. 18Paragraph 18
  91. 19Paragraph 19
  92. 20Paragraph 20
  93. 21Paragraph 21
  94. 22Paragraph 22
  95. 23Paragraph 23
  96. 24Paragraph 24
  97. 25Paragraph 25
  98. Explanatory note