# The Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc. ) Order 2001, Article 50: Conditions and directions imposed under the Building Societies Act

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

(1) This article applies where immediately before commencement a building society was subject to—
(a) a condition imposed under section 9(5) of the Building Societies Act;
(b) a condition imposed under section 41 of that Act;
(c) a condition imposed under section 42 of that Act (including any which was imposed as a matter of urgency pursuant to section 42A of that Act if it has been confirmed by a notice given under section 42A(8) of that Act);
(d) a condition imposed under section 44 of that Act;
(e) a direction given under section 50 of that Act.
(2) Where this article applies, the condition or direction has effect after commencement as if it were a requirement imposed on the building society under section 43.

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Source: https://www.legislation.gov.uk/uksi/2001/2636/article/50 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-authorised-persons-etc-order-2001/article-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.