Building Societies Act 1986

PART IINorthern Ireland

Industrial and Provident Societies Act (Northern Ireland) 1969 (c.24 N.I.)

20In section 31(b) of the [1969 c. 24 (N.I.).] Industrial and Provident Societies Act (Northern Ireland) 1969 (authorised investments) for " society registered under the Building Societies Acts " there shall be substituted " building society within the meaning of the Building Societies Act 1986. ".

Payment of Wages Act (Northern Ireland) 1970

21(1)This paragraph amends the [1970 c. 12 (N.I.).] Payment of Wages Act (Northern Ireland) 1970 as follows.

(2)In section 1(3) (authorised means of payment of wages), after paragraph (a) there shall be inserted—

“(aa)payment into an account at a building society, being an account standing in the name of the person to whom the payment is due, or an account standing in the name of that person jointly with one or more persons,”.

(3)In section 2(1) (requirements applicable to authorised payments), after " bank " there shall be inserted " or building society ".

(4)In section 7(1) (interpretation)—

(a)in the definition of " account", after " way)" there shall be inserted " and, in relation to a building society, includes a share account and a deposit account (however described) ".

(b)after the definition of " bank " there shall be inserted—

• “" building society " means a building society within the meaning of the Building Societies Act 1986 ;”, and

(c)in the definition of " branch", after " head office of the bank " there shall be inserted " and, in relation to a building society, includes the principal office of the society ;

Private Streets (Northern Ireland) Order 1980 (S.I. 1980/1086 (N.I.12))

22In Article 33 (security not to be deemed prior mortgage under Building Societies Acts) of the [S.I. 1980/1086 (N.I. 12).] Private Streets (Northern Ireland) Order 1980 for the words from " section 32 " where they first occur onwards there shall be substituted " section 11(2)(d) or (4)(d) of the Building Societies Act 1986 ".

Housing (Northern Ireland) Order 1981 (S.I. 1981/156 (N.I.3))

23(1)This paragraph amends the [S.I. 1981/156 (N.I. 3).] Housing (Northern Ireland) Order 1981 as follows.

(2)In Article 2(2) (interpretation) after the definition of " building regulations " there shall be inserted—

• “" building society " means a building society within the meaning of the Building Societies Act 1986”.

(3)For Article 155 (building society law) there shall be substituted the following section—

“155Modifications of building society law.

So much of an advance by a building society which is partly financed under this Part or sections 445 to 449 of the Housing Act 1985 or the Home Purchase Assistance and Housing Corporation Guarantee Act 1978 as is so financed shall be treated as not forming part of the advance for the purpose of determining—

(a)whether the advance, or any further advance made within two years of the date of purchase, is beyond the powers of the society, and

(b)the classification of the advance, or any such further advance, for the purposes of Part III of the Building Societies Act 1986.”.

(4)In Article 155A (exclusion of Restrictive Trade Practices Act 1976), after " Scottish Provisions " there shall be inserted " (namely, sections 445 to 447 of the Housing Act 1985 or the Home Purchase Assistance and Housing Corporation Guarantee Act 1978) ".

(5)In Article 156(5)(b) (consultations by the Department regarding forms of indemnity agreements) for " Registrar of Friendly Societies for Northern Ireland " there shall be substituted " Building Societies Commission ".

(6)For paragraph 1 of Schedule 10 there shall be substituted—

“1Building Societies,”.

Property (Discharge of Mortgage by Receipt) (Northern Ireland) Order 1983 (S.I.1983/766 (N.I.9))

24In Article 3(10) of the [S.I. 1983/766 (N.I. 9).] Property (Discharge of Mortgage by Receipt) (Northern Ireland) Order 1983, after " applies " in the definition of " mortgage " there shall be inserted " and, subject to paragraph 2(7) of Schedule 4 to the Building Societies Act 1986, does not include a mortgage to which that paragraph 2 applies. ".

Housing (Northern Ireland) Order 1983 (S.I. 1983/1118 (N.I. 15))

25In Article 3(4) of the [S.I. 1983/1118 (N.I. 15).] Housing (Northern Ireland) Order 1983, in the definition of " building society " for the words from " 1962 " onwards there shall be substituted " 1986 ".

Companies (Northern Ireland) Order 1986

26(1)This paragraph amends the Companies (Northern Ireland) Order 1986 as follows.

(2)In Article 303(3) (disqualification orders against directors of companies ; meaning of " company "), after " Part XXI" there shall be inserted " and a building society (within the meaning of the Building Societies Act 1986). ".

(3)In Article 310(3) (provision against undischarged bankrupt acting as director, etc.; meaning of " company "), after " unregistered company " there shall be inserted " , a building society (within the meaning of the Building Societies Act 1986) ".