{
  "url": "https://openlegislation.uk/draft-building-societies-legislation-amendment-eu-exit-regulations-2018/note",
  "json_url": "https://openlegislation.uk/draft-building-societies-legislation-amendment-eu-exit-regulations-2018/note.json",
  "legislation": "ukdsi/2018/9780111171554",
  "legislation_title": "The Building Societies Legislation (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-building-societies-legislation-amendment-eu-exit-regulations-2018",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations are made in exercise of the powers in section 8 of the European Union (Withdrawal) Act 2018 in order to address failures of retained EU law to operate effectively and other deficiencies (in particular the deficiencies under paragraphs (e) and (g) of section 8(2) of the Act) arising from the withdrawal of the United Kingdom from the European Union and to make consequential provision. Regulations 2 to 7 amend the Building Societies Act 1986 (to remove references to EEA countries and territories, and bodies corporate incorporated under the law of an EU member State or EEA countries and to replace references to EU legislation by references to the provisions of UK law which implemented them). Regulation 8 amends the Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 to replace references to EEA mutual societies by references to Crown Dependency mutual societies. Regulations 9 to 12 make similar amendments to the Building Societies (Transfer of Business) Regulations 1998, the Building Societies (Accounts and Related Provisions) Regulations 1998, the Building Societies Act 1986 (Substitution of Specified Amounts and Modification of the Funding Limit Calculation) Order 2007 and the Mutual Societies (Transfers) Order 2009.\nThese Regulations refer to the Rulebook made by the Prudential Regulation Authority under the Financial Services and Markets Act 2000, and sourcebooks made by the Financial Conduct Authority under that Act. The Rulebook is available on http://www.prarulebook.co.uk and copies of the rules referred to can be obtained from the Prudential Regulation Authority, 20 Moorgate, London EC2R 6DA, where it is also available for inspection. Sourcebooks made by the Financial Conduct Authority are available on https://www.handbook.fca.org.uk/handbook and copies of the rules referred to can be obtained from the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN, where it is also available for inspection.\nAn impact assessment of the effect that this instrument, and other instruments made by HM Treasury under the European Union (Withdrawal) Act 2018 at or about the same time, will have on the costs of business, the voluntary sector and the public sector is available from HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and is published alongside this instrument at www.legislation.gov.uk.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111171554/note",
    "retrieved_at": "2026-10-30T15:04:14.932572+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."
}