Regulation 5 Notification by society or institution of intention to operate accounts

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 5(3) words substituted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 131
reg. 5 heading word inserted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 133(2)(c)
reg. 5(1) word inserted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 133(2)(c)
reg. 5(3) word inserted by Financial Services and Markets Act 2000 (Taxes) 2001 art. 133(2)(c)
reg.5(1) amended by Tax-exempt Special Savings Account (Relevant European Institutions) 1995 reg.9(a)
reg.5(2A) added by Tax-exempt Special Savings Account (Relevant European Institutions) 1995 reg.9(b)
reg.5(3) amended by Tax-exempt Special Savings Account (Relevant European Institutions) 1995 reg.9(c)

(1)

A society or institution shall before it begins to operate accounts notify the Board of its intention to do so and as part of that notification shall provide the Board with the information specified in paragraph (2) and a certificate in the terms specified in paragraph (3).

(2)

The information specified in this paragraph is–

(a)

the name under which it is incorporated or registered and, if it is not incorporated or registered in the United Kingdom, the State or territory in which it is incorporated or registered;

(b)

its principal address in the United Kingdom including postcode;

(c)

the tax office to which its accounts are submitted and its reference number there; and

(d)

the date from which it intends to operate accounts.

(3)

The certificate specified in this paragraph is a certificate that the society or institution is a building society or is authorised under the Banking Act 1987 as the case may be.