{
  "url": "https://openlegislation.uk/building-society-insolvency-england-and-wales-rules-2010/rule-252",
  "json_url": "https://openlegislation.uk/building-society-insolvency-england-and-wales-rules-2010/rule-252.json",
  "legislation": "uksi/2010/2581",
  "legislation_title": "The Building Society Insolvency (England and Wales) Rules 2010",
  "legislation_url": "https://openlegislation.uk/building-society-insolvency-england-and-wales-rules-2010",
  "path": "rule/252",
  "kind": "rule",
  "number": "252",
  "heading": "Power of Secretary of State or Treasury to regulate certain matters",
  "text": "(1) As provided for in paragraph 27 of Schedule 8 to the Insolvency Act, either the Secretary of State or the Treasury may, subject to the Act and to these Rules, make regulations with respect to any matter provided for in these Rules relating to the carrying out of the functions of a building society liquidator or provisional building society liquidator, including, without prejudice to the generality of the above, provision with respect to the following matters arising in building society insolvency—\n(a) the preparation and keeping by building society liquidators and provisional building society liquidators of books, accounts and other records, and their production to such persons as may be authorised or required to inspect them;\n(b) the auditing of building society liquidators’ accounts;\n(c) the manner in which building society liquidators are to act in relation to the building society’s books, papers and other records, and the manner of their disposal by the building society liquidator or others;\n(d) the supply by the building society liquidator to creditors and contributories and to the liquidation committee of copies of documents relating to the building society insolvency and the affairs of the building society (on payment, in such cases as may be specified in the regulations, of a fee);\n(e) the manner in which insolvent estates are to be distributed by the building society liquidator, including provision with respect to unclaimed funds and dividends;\n(f) the manner in which monies coming into the hands of the building society liquidator are to be handled and invested and the payment of interest on sums which, in pursuance of regulations made under this sub-paragraph, have been paid into the Insolvency Services Account.\n(2) Regulations made under paragraph (1) may—\n(a) confer a discretion on the court;\n(b) make non-compliance with any of the regulations a criminal offence;\n(c) make different provision for different cases, including different provision for different areas; and\n(d) contain such incidental, supplemental and transitional provisions as may appear to the Secretary of State or the Treasury as necessary or expedient.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Rule 252 in force at 15.11.2010, see rule 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Schedule 8 was amended by section 125 of the Banking Act."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "The Insolvency Services Account is referred to at section 403 of the Insolvency Act."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2010/2581/rule/252",
    "retrieved_at": "2026-10-29T02:27:27.413731+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}