# The Financial Services (Banking Reform) Act 2013 (Commencement (No. 8) and Consequential Provisions) Order 2015, Paragraph 3

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

Section 38 (creation of floating charges) has effect as if for subsections (3) and (3A) there were substituted—
“(3) A floating charge is created only when the document granting the floating charge is executed by the building society granting the charge.”.

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Source: https://www.legislation.gov.uk/uksi/2015/428/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-8-and-consequential-provisions-order-2015/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.