# The Building Societies (Transfer of Business) Regulations 1998, Paragraph 4

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

(1) The reasons why the directors of the society and of the successor company are satisfied that there will be no substantial risk that the successor company will not have relevant permission.
(2) “Relevant permission” has the meaning given by paragraph 10(2) of Part II of Schedule 1 to these Regulations.

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Source: https://www.legislation.gov.uk/uksi/1998/212/schedule/3/paragraph/4 (the official version)
Page: https://openlegislation.uk/building-societies-transfer-of-business-regulations-1998/schedule-3/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.