The Building Societies (Provision of Services)Order 1992

• Citation: S.I. 1992/509
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the Building Societies (Provision of Services) Order 1992 and shall come into force on 1st June 1992.

Section 2 Interpretation

In this Order “ the Act ” means the Building Societies Act 1986.

Section 3 Amendment of Schedule 8 to the Act

This article amends paragraph 1 of Part II of Schedule 8 (power to provide services) to the Act by substituting for sub-paragraph (b) the following new sub-paragraph–

(b)

(i) to maintain a place of business in any country or territory for the purpose of providing that service unless the society also conducts the principal busi ness of a building society in that country or territory, save where that service is provided in any of the countries listed in paragraph (ii) below;

(ii) any member State, Austria, Finland, Iceland, Liechtenstein, Norway, Sweden and Switzerland,