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Power To Direct Application To Renew Authorisation

Volume 98: debated on Wednesday 4 June 1986

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Amendments made: No. 134, in page 55, line 18, leave out third 'the' and insert 'any'.

No. 135, in page 55, line 43, at end insert

'except where section (Rights of appeal) (4) applies'.

No. 136, in page 55, line 43, at end insert—

'(7A) If the Commission refuses to grant authorisation to a building society under this section it shall inform the central office of the fact and the date on which the current authorisation of the society expires; and the central office shall record that date in the public file of the society.'.—[Mr. Ian Stewart.]