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SCHEDULE 3ENACTMENTS AMENDED

PART IIBUILDING SOCIETIES

Amendments to the Building Societies Act 1986

158.  In section 61(1)—

(a)in subsection (4)—

(i)for the word “Commission”, the first time it occurs, there is substituted “Treasury”,

(ii)for the words “it thinks” there is substituted “they think”, and

(iii)for the words “Commission may, with the consent of the Treasury,” there is substituted “Treasury may”,

(b)in subsection (5) for the words “Commission considers”, there is substituted “Treasury consider”, and

(c)for the words—

(i)“Commission”, in subsection (9), and

(ii)“central office”, both times they appear in subsection (13),

there is substituted “Authority”.

(1)

Section 61 is amended by the Building Societies Act 1997, section 28, and S.I. 1999/3032.