xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

SCHEDULE 16Mergers : Supplementary Provisions

PART IINotification of Proposals for Merger

Penalty

6If default is made by a building society in complying with paragraph 4(1), 4(2) or 5 above, the society shall be liable on summary conviction to a fine not exceeding level 4 on the standard scale ; and so shall any officer who is also guilty of the offence.