---
title: "The Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024"
id: 5a5fabad-65b6-4a98-b667-76f2e6a351c4
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: regulation
in_force: true
publisher_url: https://www.legislation.gov.uk/uksi/2024/1024
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/5a5fabad-65b6-4a98-b667-76f2e6a351c4
language: en
in_force_from: 2024-11-04
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/uksi/2024/1024/data.xml
read_on: 2026-11-10
sha256: e4bea88c02ca857110ed669d71fb5aee1899bcc9e329da63d65e7208217b4c17
provisions: 3
---

# The Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024

## Title and introductory text {#prelims}

2024 No. 1024
Building Societies
The Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024
Made
10th October 2024
Laid before Parliament
14th October 2024
Coming into force
4th November 2024
The Treasury make this Order in exercise of the power conferred by section 7(12) of the Building Societies Act 1986.

## 1 Citation, commencement and extent {#article-1}

(1) This Order may be cited as the Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024.
(2) This Order comes into force on 4thNovember 2024.
(3) This Order extends to England and Wales, Scotland and Northern Ireland.

## 2 Amendment of the small business turnover limit {#article-2}

(1) The Building Societies Act 1986 is amended as follows.
(2) In subsections (10) and (11)(c) of section 7 (the funding limit) for “£1,000,000” substitute “£6,500,000”.