# The Building Societies (Transfer of Business) Regulations 1998, Regulation 2: Interpretation

Extent: E+W+S+N.I.

In these Regulations, except where the context requires otherwise—
“the Act” means the Building Societies Act 1986;
“connected undertaking” means a subsidiary undertaking or an associated undertaking;
“date of the transfer notification statement” means the date upon which the appropriate authority approves the contents of the transfer notification statement in accordance with paragraph 9(4) of Part II of Schedule 8A to the Act;
“date of the transfer statement” means the date upon which the appropriate authority approves the contents of the transfer statement in accordance with paragraph 4(3) of Part I of Schedule 17 to the Act;
“group” shall be construed in accordance with section 474(1) of the Companies Act 2006;
“member” includes where the context so requires in relation to a society which has so transferred its business a former member of that society;
“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;
“offer” in respect of shares or rights relating to shares, includes any invitation to apply for those shares or rights and “offered” shall be construed accordingly;
“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;
“statutory cash bonus” means the distribution of funds by way of bonus required by section 100(2)(b) and (4) of the Act;
“successor company” means a company to which a society proposes to transfer, or, as the case may be, has transferred, its business; and
“transfer notification statement” means the statement required by paragraph 9 of Schedule 8A to the Act;
“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/1998/212/regulation/2 (the official version)
Page: https://openlegislation.uk/building-societies-transfer-of-business-regulations-1998/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.