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The Building Societies (Transfer of Business) Regulations 1998
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- UK Statutory Instruments
- 1998 No. 212
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Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.
Changes and effects yet to be applied to :
- Sch. 1 Pt. 1 para. 28 word substituted by S.I. 2001/3649 art. 213(3)
- Sch. 1 Pt. 2 para. 7 words substituted by S.I. 2011/1265 art. 8(3)
- Sch. 1 Pt. 1 para. 28 words substituted by S.I. 2013/496 Sch. 10 para. 4(3)
- Sch. 3 word substituted by S.I. 2001/3649 art. 213(3)
- Sch. 3 para. 1 words substituted by S.I. 2013/496 Sch. 10 para. 4(5)
- Sch. 3 para. 2 words substituted by S.I. 2013/496 Sch. 10 para. 4(5)
- Regulations applied in part (with modifications) by S.I. 2009/509 art. 14-17
- reg. 2 word substituted by S.I. 2001/3649 art. 213(3)
- reg. 2 words substituted by S.I. 2011/1265 art. 8(2)
- reg. 2 words substituted by S.I. 2013/496 Sch. 10 para. 4(2)(a)
- reg. 2 words substituted by S.I. 2013/496 Sch. 10 para. 4(2)(b)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Sch. 1 Pt. 2 para. 10(1) Sch. 1 Pt. 2 para. 10 renumbered as Sch. 1 Pt. 2 para. 10(1) by S.I. 2001/3649 art. 564(1)(a)
- Sch. 1 Pt. 3 para. 4(1) Sch. 1 Pt. 3 para. 4 renumbered as Sch. 1 Pt. 3 para. 4(1) by S.I. 2001/3649 art. 564(2)(a)
- Sch. 1 Pt. 2 para. 10(2) inserted by S.I. 2001/3649 art. 564(1)(c)
- Sch. 1 Pt. 3 para. 4(2) inserted by S.I. 2001/3649 art. 564(2)(c)
- Sch. 1 Pt. 2 para. 10(2)(b) omitted by S.I. 2018/1187 reg. 9(b)
- Sch. 1 Pt. 2 para. 10(2)(a) word omitted by S.I. 2018/1187 reg. 9(a)
- Sch. 1 Pt. 2 para. 10(1) words substituted by S.I. 2001/3649 art. 564(1)(b)
- Sch. 1 Pt. 3 para. 4(1) words substituted by S.I. 2001/3649 art. 564(2)(b)
- Sch. 1 Pt. 2 para. 10(2) words substituted by S.I. 2013/496 Sch. 10 para. 4(4)(a)
- Sch. 1 Pt. 2 para. 10(2) words substituted by S.I. 2013/496 Sch. 10 para. 4(4)(b)
- Sch. 3 para. 4(1) Sch. 3 para. 4 renumbered as Sch. 3 para. 4(1) by S.I. 2001/3649 art. 564(3)(a)
- Sch. 3 para. 4(2) inserted by S.I. 2001/3649 art. 564(3)(c)
- Sch. 3 para. 4(1) words substituted by S.I. 2001/3649 art. 564(3)(b)
PRESCRIBED MATTERS FOR TRANSFER STATEMENTS
Part I MATTERS OF WHICH PARTICULARS ARE TO BE INCLUDED IN THE CASE OF ANY TRANSFER
1.A factual statement of the options for the future conduct...
2.The consequences of the transfer— (a) for shareholding members of...
3.The name, head office address and principal objects of the...
4.The audited financial position of the society and its connected...
5.The main features of the financial record of the society...
6.The changes proposed, in consequence of the transfer, in the...
7.The successor company’s authorised and issued share capital and the...
8.The changes following the transfer in the factors relevant to...
9.The future financial prospects of the successor company and of...
10.The interest of the directors and other officers of the...
11.The compensation or other consideration (if any) proposed to be...
12.The manner in which the salary, fees, borrowing rights and...
13.The distribution of funds (if any) proposed to be made...
14.Any benefits (whether in the form of a distribution of...
15.The amount of the society’s reserves ascertained as at the...
16.The amount of the statutory cash bonus and the conditions...
17.The opinion of the society’s auditor, or of some other...
18.Whether the person referred to in the foregoing paragraph has...
19.If any report or opinion (other than the opinion referred...
20.Any rights to be conferred on members, officers or employees...
22.The extent to which any statutory protection scheme that will...
23.(a) The extent to which any scheme for handling complaints...
24.Any terms of the transfer agreement providing for its termination...
26.Any adverse effect which the transfer may have, whether by...
27.The acceptance of responsibility by each of the directors of...
28.Where a transfer summary is sent to members the arrangements...
1.The range and relative importance of the activities of the...
3.The audited consolidated financial position of the successor company and...
4.The main features of the financial record of the successor...
5.The following information for the society and its connected undertakings...
6.The following information for (i) the successor company, and (ii)...
8.The directors of the successor company, their interests in the...
PRESCRIBED MATTERS FOR TRANSFER NOTIFICATION STATEMENTS
2.The procedure for the Building Societies Commission to confirm the...
3.The name, head office address and principal objects of the...
5.The range and relative importance of the activities of the...
7.The directors of the successor company, their interests in the...
10.Either: (a) a summary of the most recently published and...
11.Either: (a) a summary of the most recently published and...
14.Any benefits (whether in the form of a distribution of...
15.The amount of the statutory cash bonus and the conditions...
18.The extent to which any statutory protection scheme that will...
19.(a) The extent to which any scheme for handling complaints...
20.The interest of the directors and other officers of the...
21.The compensation or other consideration (if any) proposed to be...
22.The manner in which the salary, fees, borrowing rights and...
23.Any benefits (whether in the form of a distribution of...
24.Any terms of the transfer agreement providing for its termination...
25.The acceptance of responsibility by each of the directors of...
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