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Authorisation: Supplementary Provisions

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. 292, in page 166, line 37, leave out 'in writing'.

No. 293, in page 167, line 13, at end insert—

'(4A) If the grounds for the proposed refusal include the ground that any officer of the society is not a fit and proper person to hold office in the society the Commission shall also serve the notice specified in sub-paragraph (4) above on the officer concerned giving him the like right to make representations and to be heard with respect to his fitness and propriety for office.'.

No. 294, in line 16, after '(4)', insert 'or (4A)'.

No. 295, in line 20 after 'society', insert

`and every other person on whom a notice was served under sub-paragraph (4A) above.'.

No. 296, in line 34, leave out sub-paragraph (8).

No. 297, in page 168, line 12, leave out paragraph 4.

No. 298, in page 172, line 5, leave out paragraph 10.

No. 299, in line 11, leave, out from '11' to end of line 25 and insert—

  • '(1) The modifications of the provisions of Part III of this Schedule in their application to the imposition of conditions by the Commission in pursuance of a direction of an appeal tribunal under section (Determination of appeal) (6) or (7) are as follows.
  • (2) The notice under paragraph 5(1) shall be served on the society and the other persons there specified within the period of 14 days beginning with the date on which the Commission received notice of the tribunal's decision under subsection (8) of that section; and a copy shall also be sent within that period to the tribunal.
  • (3) The notice under paragraph 5(1) may specify, as the period within which representations may be made, a period of now less than 7 days.
  • (4) If the Commission serves a notice under paragraph 6(2) on the society and the other persons there specified it shall also send a copy of the notice to the tribunal.
  • No. 300, in line 27, leave out paragraph 12 and insert—

    '12. Where any provision of this Schedule requires notice of any matter to be served on every director of a building society that requirement is satisfied by serving notice on each director whose appointment has been officially notified and the non-receipt of a notice of a matter by a director or the chief executive does not affect the validity of any action on the part of the Commission.'. —[Mr. Ian Stewart.]