Section 1Citation and interpretation
(1) This Order may be cited as the Building Societies Act 1997 (Expiry of Transitional Period) Order 1998.
(2) In this Order “the transitional period” means the period defined in paragraphs 2(7) and 3(6) of Schedule 8 to the Building Societies Act 1997 as beginning with the commencement of sections 1 and 2 of the Building Societies Act 1997 on 1st December 1997 and expiring with such day as the Commission, with the consent of the Treasury, prescribes by order made by statutory instrument.