Skip to main content

United Kingdom

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.

Land Registration Act 1925 (c. 21)

In section 25(1) (proprietor's power to create charges) of the Land Registration Act 1925, in paragraph (b), for the words from "under" to "with" there shall be inserted "(within the meaning of the Building Societies Act 1986), in accordance with".'

No. 356, in page 204, line 22, at end insert–

'Stock Transfer Act 1963 (c. 18)

In section 1(4) of the Stock Transfer Act 1963 (simplified transfer of certain securities, not to apply to building society securities), for "1962" there shall be substituted "1986".

Industrial and Provident Societies Act 1965 (c. 12)

In section 31 (b) of the Industrial and Provident Societies Act 1965 (authorised investments), for "society registered under the Building Societies Acts" there shall be substituted "building society within the meaning of the Building Societies Act 1986'.'.

No. 357, in line 24, leave out paragraph 3.

No. 358, in line 28, at end insert—

'Income and Corporation Taxes Act 1970 (c. 10)

(1) This paragraph amends the Income and Corporation Taxes Act 1970 as follows.

(2) In section 343(8) (arrangements for payment of tax by building societies) for "Building Societies Act 1962 or the Building Societies Act (Northern Ireland) 1967" there shall be substituted "Building Societies Act 1986".

(3) In section 415(5) (contractual savings schemes) for "Building Societies Act 1962 or the Building Societies Act (Northern Ireland) 1967" there shall be substituted "Building Societies Act 1986".'.

No. 359, in line 43, at end insert—

'Banking Act 1979 (c. 37)

. — This paragraph amends the Banking Act 1979 as follows.

(2) In section 34(1) (Treasury regulations controlling advertisements for deposits), after the word "Bank" there shall be inserted the words "and, in so far as they relate to building societies, the Building Societies Commission".

(3) In section 36(4) (exemption from restriction on use of description "banking services") there shall be inserted—

  • (a) after the word "Act", the words "or an authorised building society,", and
  • (b) after the words "the institution", the words "or society, as the case may be".
  • (4) In section 41(5) (consents for prosecutions), in paragraph (a) after the words "Public Prosecutions or", and in paragraph (b) after the words "Ireland or", there shall be inserted the words ", in the case of proceedings against a building society, the Building Societies Commission or, in any other case".

    (5) In section 50(1) (definitions), after the definition of "the Bank" there shall be inserted the following definition—

    "building society" means a building society within the meaning of the Building Societies Act 1986 and, in that context, "authorised" has the meaning given by section 98(1) of that Act;".'.

    No. 360, in line 43, at end insert—

    'Consumer Credit Act 1974 (c. 39)

    . — (1) This paragraph amends the Consumer Credit Act 1974 as follows.

    (2) In section 16(1) (consumer credit agreement with certain bodies exempt from regulation) the words "or building society" shall be omitted and, after paragraph (f), there shall be inserted the words ", or

    (g) a building society.".

    (3) In section 16(3) (Secretary of State's duty to consult before making orders), after paragraph (d) there shall be inserted the words "or

    (e) under subsection (1) (g) without consulting the Building Societies Commission and the Treasury.".

    (4) In section 189(1) (definitions), for the definition of "building society" there shall be substituted the following definition—

    ""building society" means a building society within the meaning of the Building Societies Act 1986;".'

    No. 361, in page 204, line 43, at end insert—

    'Local Government Act 1972 (c. 70)

    In Schedule 12A (access to information: exempt information) to the Local Government Act 1972—

  • (a) in Part II, in paragraph 2(d) for "1962" there shall be substituted "1986"; and
  • (b) in Part III, in paragraph 1(1), after the definition of `protected informant' there shall be inserted the following definition—
  • "'registered', in relation to information required to be registered under the Building Societies Act: 1986, means recorded in the public file of any building society (within the meaning of that Act);".

    Charging Orders Act 1979 (c. 53)

    In section 6(1) (interpretation) of the Charging Orders Act 1979, in the definition of "building society" for "1962" there shall be substituted "1986".

    Finance Act 1982 (c. 39)

    . —-(1) This paragraph amends the Finance Act 1982 as follows.

    (2) In section 28(5) (variation of terms of repayment of certain loans), for "Building Societies Act 1962 or the Building Societies Act (Northern Ireland) 1967" there shall be substituted "Building Societies Act 1986".

    (3) In paragraph 2(4), 4(1) and 14(1) of Schedule 7 (deduction of tax from certain loan interest), for "Building Societies Act 1962 or the Building Societies Act (Northern Ireland) 1967" there shall be substituted "Building Societies Act 1986".

    Companies Act 1985 (c. 6)

    (1) This paragraph amends the Companies Act 1985 as follows.

    (2) In section 295(3) (disqualification orders against directors of companies; meaning of "company"), after "Part XXI" there shall be inserted "and a building society (within the meaning of the Building Societies Act 1986).".

    (3) In section 302(4) (provision against undischarged bankrupt acting as director, etc.; meaning of "company"), after "unregistered company" there shall be inserted ", a building society (within the meaning of the Building Societies Act 1986)".'.

    No. 362, in page 205, line 39, at end add—