# Finance Act 2002, Section 105: Financial trading stock

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

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) In Schedule 12 to the Finance Act 1988 (c. 39) (building societies: change of status)—
(a) in paragraph 1 (which provides that paragraphs 2 to 7 apply where there is a transfer of the whole of a building society’s business to a successor company in accordance with section 97 etc of the Building Societies Act 1986 (c. 53)) for “2” substitute “ 3 ”; and
(b) omit paragraph 2 (which relates to gilt-edged securities and other financial trading stock and is superseded by Chapter 2 of Part 4 of the Finance Act 1996).

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Source: https://www.legislation.gov.uk/ukpga/2002/23/section/105 (the official version)
Page: https://openlegislation.uk/finance-act-2002/section-105
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.