Law

The Building Societies Act 1986 (Modifications) Order 2024

United Kingdom · regulation

Ask the law about thisMore laws of United KingdomFor machines: Markdown

Open at the publisher →

In force since 2025-01-06, as the publisher states.

Copy read on 2026-11-10. The page it was read from

Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

sha256 3a23fbe1f50216ec545143070b8911ded993a2263d95d9fc40854afe3dd296a9

Contents: 3 provisions
  1. Title and introductory text
  2. 1 Citation, commencement and extent
  3. 2 Modifications of the Building Societies Act 1986

Proposed changes to this act

No one has proposed a change to this act yet.

How this law is officially changed

Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.

3 provisions

Title and introductory text

2024 No. 1346 Building Societies The Building Societies Act 1986 (Modifications) Order 2024 Made 16th December 2024 Coming into force 6th January 2025 It appears to the Treasury, on modification of the statutory provisions in force in Great Britain and Northern Ireland relating to companies, to be expedient to modify the relevant provisions of the Building Societies Act 1986 (“the 1986 Act”) for the purpose of assimilating the law relating to companies and the law relating to building societies, and accordingly the Treasury make this Order in exercise of the power conferred by section 104(1) of the 1986 Act. In accordance with section 104(5) of the 1986 Act a draft of this Order has been laid before and approved by a resolution of each House of Parliament.

Propose a change

1 Citation, commencement and extent

(1) This Order may be cited as the Building Societies Act 1986 (Modifications) Order 2024. (2) This Order comes into force 21 days after the day on which it is made. (3) This Order extends to England and Wales, Scotland and Northern Ireland.

Propose a change

2 Modifications of the Building Societies Act 1986

(1) The Building Societies Act 1986 is amended as follows. (2) In section 60 (directors: elections and retirements)— (a) in subsection (4) omit “, (6), (7)”; (b) omit subsections (5), (6), (7), (7A), (7B), (7C) and (8); (c) in subsection (11)— (i) in paragraph (a) omit “paragraph (b) below, subsection (12) below or”; (ii) at the end of paragraph (a) omit “and”; (iii) omit paragraph (b); and (iv) in the closing words, omit “(in either case)”; (d) omit subsection (12); (e) in subsection (13) omit paragraph (a) (including “and” at the end of that paragraph); and (f) omit subsection (15). (3) In section 61 (directors: supplementary provisions as to elections, etc.)— (a) omit subsection (6); and (b) in subsection (11) omit “(disregarding his age)”. (4) In section 80(1) (signing of balance sheet: documents to be annexed)— (a) for “two directors” substitute “one director”; and (b) omit “and by the chief executive of the society”.

Propose a change

← Find another law