# The Companies Act 1989 Part II(Consequential Amendment) (No. 2)Regulations 1995

S.I. 1995/2723 · made 17 October 1995

Regulation 2 amends Schedule 11 to the Building Societies Act 1986, by repealing sub-paragraph 5(2)(d).

Made under: Companies Act 1989 (Section 50)

## Introductory text

COMPANIES
Made 17th October 1995
Laid before Parliament 18th October 1995
Coming into force 13th November 1995
The Secretary of State, in exercise of his powers under section 50 of the Companies Act 1989, hereby makes the following Regulations:

## 1 Citation and commencement

These Regulations may be cited as the Companies Act 1989 Part II (Consequential Amendment) (No. 2) Regulations 1995 and shall come into force on 13th November 1995.

## 2 Consequential amendment

In Schedule 11 to the Building Societies Act 1986, in paragraph 5(2), sub-paragraph (d) (body corporate not qualified for appointment as an auditor of a building society) is hereby repealed.

## Signature

Phillip Oppenheim,
Parliamentary Under Secretary of State for Company Affairs,
Department of Trade and Industry
17th October 1995

## Explanatory note

(This note is not part of the Regulations)
Regulation 2 amends Schedule 11 to the Building Societies Act 1986, by repealing sub-paragraph 5(2)(d).
That provision excluded bodies corporate from appointment as an auditor of a building society.
By virtue of section 25 of the Companies Act 1989, a body corporate may be appointed as an auditor of a company under the Companies Act 1985, if that body corporate is otherwise eligible for appointment. The repeal of sub-paragraph 5(2)(d) of Schedule 11 to the Building Societies Act 1986 will mean that bodies corporate will be eligible for appointment as auditors of building societies to the same extent that they are so eligible in relation to companies.

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Source: https://www.legislation.gov.uk/uksi/1995/2723 (the official version)
Page: https://openlegislation.uk/companies-act-1989-part-iiconsequential-amendment-no-2regulations-1995
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.