Article 199 Repeal of unnecessary provisions etc.I1
United Kingdom
(1)
Section 119 of the Building Societies Act 1986 is amended as follows.
(2)
In subsection (1) after the definition of “ordinary resolution” insert—
““own funds” means own funds as defined in Section 1 of Chapter 2 of Title V of the Banking Consolidation Directive;”.
(3)
In subsection (1) the definition of “currency” is repealedf1.
(4)
Subsections (2A) and (2C) are repealedf2.
Annotations
Commencement
- I1
Art. 199 in force at 1.12.2001, see art. 1
Footnotes
- f1
-
The definition of “currency” was inserted by the Building Societies Act 1997 (c. 32) Schedule 7 paragraph 53(1)(f).
- f2
-
Subsections (2A) and (2C) were inserted by S.I. 1996/1669, Schedule 5 paragraph 5 and amended by S.I. 2000/2952.