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- Original (As enacted)
Building Societies Act 1986 is up to date with all changes known to be in force on or before 21 August 2024. There are changes that may be brought into force at a future date.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
PART I FUNCTIONS OF THE Financial Conduct Authority and the Prudential Regulation Authority
Part II Constitution of Building Societies
Part IV Protection of Investors
Part VII Management of Building Societies
63. Directors to disclose interests in contracts and other transactions.
64. Substantial property transactions involving directors and connected persons.
65. Restriction on loans, etc. to directors and persons connected with them.
66A. Transactions with directors and persons connected with them.
67. Directors, etc, not to accept commissions in connection with loans.
68. Records of loans, etc. for directors falling within s. 65.
72C.Form and contents of Building Societies Act individual accounts
72G.Form and contents of Building Societies Act group accounts
72J. Disclosures relating to directors, other officers and employees of society required in notes to accounts
72K.Disclosures about related undertakings required in notes to accounts
72L.Disclosures relating to off-balance-sheet arrangements required in notes to accounts
72M.Disclosure of auditor remuneration required in notes to accounts
Part X Dissolution, Winding Up, Mergers and Transfer of Business
Part XI Miscellaneous and Supplementary and Conveyancing Services
Miscellaneous and supplementary
105. Limited power to anticipate future statutory instrument powers.
108. Miscellaneous and Supplementary and Conveyancing Services
110. Officers and auditors not to be exempted from liability
112. Offences: liability of officers and defence of due diligence.
118A. Miscellaneous and Supplementary and Conveyancing Services
120. Amendments, repeals, revocations and transitional and saving provisions.
123. Miscellaneous and Supplementary and Conveyancing Services
Provision of conveyancing services by recognised institutions and practitioners
SCHEDULES
Establishment, Incorporation and Constitution of Building Societies
Disclosures about directors, other officers and employees in notes to accounts
Disclosures about related undertakings required in note to accounts
PART 1 Societies not required to prepare consolidated group accounts
PART 2 Societies required to prepare consolidated group accounts
Financial information about subsidiary undertakings not included in the consolidation
Construction of references to shares held by society or group
Disclosure of auditor remuneration etc required in notes to accounts
Auditors: Appointment, Tenure...
Duty of building society to notify appropriate audit authority
9.In the application of this Schedule to Scotland, references to...
Part I Matters to be Provided for in Schemes
The matters for which provision is, subject to Part III...
Part II Requirements for Recognised Schemes:Matters of Complaint
Part III Minimum Requirements for Recognised Schemes: Other Provisions
Application of Companies Winding Up Legislation to Building Societies
Part I General Mode of Application
1.The enactments which comprise the companies winding up legislation (referred...
1A.In this Schedule— “deposit” means rights of the kind described...
2.Subject to the following provisions of this Schedule, the enactments...
3.(1) The enactments shall, in their application to building societies,...
5.Any enactment which specifies a money sum altered by order...
Part II Modified Application of Insolvency Act 1986
Parts IV , 6, 7, 12 and 13 and Schedule 10
Members of a building society as contributories in winding up
15.In sections 117 (High Court and county court jurisdiction) and...
16.(1) Section 122 (circumstances in which company may be wound...
17.Section 124 (application for winding up) of the Act does...
19.Section 126 (power of court, between petition and winding up...
20.If, before the presentation of a petition for the winding...
21.(1) Section 130 of the Act (consequences of winding-up order)...
22.Section 140 (appointment of liquidator by court in certain circumstances)...
23.In the application of sections 141(1) and 142(1) (liquidation committees),...
23A.Section 143 (general functions of liquidator in winding up by...
24.The conditions which the court may impose under section 147...
25.Section 154 (adjustment of rights of contributories) of the Act...
26. Application of Companies Winding Up Legislation to Building Societies
Insolvency practitioners: their qualification and regulation
Part III Modified application of Insolvency (Northern Ireland) Order 1989
Members of a building society as contributories in winding up
43.Article 102 (circumstances in which company may be wound up...
46.Article 106 (power of High Court, between petition and winding-up...
47.If, before the presentation of a petition for the winding...
48.(1) Article 110 (consequences of winding-up order) shall have effect...
49.Article 119 (appointment of liquidator by High Court in certain...
50.In the application of Article 120(1) (liquidation committee) to building...
50A.Article 121 (general functions of liquidator in winding up by...
51.The conditions which the High Court may impose under Article...
52.Article 132 (adjustment of rights of contributories) shall have effect...
53. Application of Companies Winding Up Legislation to Building Societies
Insolvency practitioners: their qualification and regulation
Part IV Dissolution of Building Society wound up (England and Wales, Scotland and Northern Ireland)
Application of other companies insolvency legislation to building societies
Part II Modified Application of Parts I to III , 6, 7, 12 and 13 of Insolvency Act 1986
11.(1) Subsection (1) of section 9 of the Act (application...
13.In section 11 of the Act (effect of administration order),...
14.In subsection (1) of section 12 of the Act (notification...
15.Subsection (3) of section 13 of the Act (appointment of...
16.(1) Subject to sub-paragraph (2) below, section 14 of the...
17.(1) Subject to sub-paragraph (3) below, paragraph 16 of Schedule...
19.(1) Section 17 of the Act (general duties of administrator)...
21.(1) Subsection (1) of section 23 of the Act (statement...
22.Section 24 of the Act (consideration of proposals by creditors’...
23.(1) Section 25 of the Act (approval of substantial revisions)...
24.Subsection (1) of section 27 of the Act (protection of...
Insolvency practitioners: their qualification and regulation
29.Article 14 of the Order (proposals for voluntary arrangements) has...
30.In Article 15 (procedure where nominee is not liquidator or...
30A.In paragraph (2) of Article 17A of the Order (approval...
31.In Article 19 of the Order (challenge of decisions) as...
31A.In Article 20A of the Order (prosecution of delinquent officers)...
33.(1) Paragraph (1) of Article 22 of the Order (application...
35.In Article 24 of the Order (effect of administration order),...
36.In paragraph (1) of Article 25 of the Order (notification...
37.Paragraph (3) of Article 26 of the Order (appointment of...
38.(1) Subject to sub-paragraph (2) below, Article 27 of the...
39.(1) Subject to sub-paragraph (3) below, paragraph 17 of Schedule...
41.(1) Article 29 of the Order (general duties of administrator)...
43.(1) Paragraph (1) of Article 35 of the Order (statement...
44.Article 36 of the Order (consideration of proposals by creditors’...
45.(1) Article 37 of the Order (approval of substantial revisions)...
46.Paragraph (1) of Article 39 of the Order (protection of...
47.In Article 48 of the Order (receivership accounts), “ prescribed...
48.In paragraph (1) of Article 49 of the Order (notification...
50.Articles 52 to 59 of the Order (administrative receivers) are...
51.Article 59A of the Order (floating charge holder not to...
52.Articles 59B to 59J of the Order (exceptions to prohibition)...
Insolvency practitioners: their qualification and regulation
Industrial and Provident Societies Act (Northern Ireland)1969 (c.24 N.I.)
Private Streets (Northern Ireland) Order 1980 (S.I. 1980/1086 (N.I.12))
Housing (Northern Ireland) Order 1981 (S.I. 1981/156 (N.I.3))
Property (Discharge of Mortgage by Receipt) (Northern Ireland) Order 1983 (S.I. 1983/766 (N.I.9))
Housing (Northern Ireland) Order 1983 (S.I. 1983/1118 (N.I.15))
Transitional and Saving Provisions
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
Provision of Conveyancing Services by Recognised Institutions and Practitioners
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