The Building Societies (Business Names) Regulations 1998

• Citation: S.I. 1998/3186
• Sections: 5

Section 1 Citation and commencement

These Regulations may be cited as the Building Societies (Business Names) Regulations 1998 and shall come into force on 1st March 1999.

Section 2 Interpretation

(1) In these Regulations “ the Act ” means the Building Societies Act 1986 and “the Schedule” means the Schedule to these Regulations.

(2) Where a word or expression is specified in the Schedule, plural and possessive forms of that word or expression shall be taken to be similarly specified.

Section 3 Words and expressions for which the Commission’s approval is required

The words and expressions stated in column (1) of the Schedule are hereby specified as words and expressions for the use of which as or as part of a building society’s business name the approval of the Commission is required by paragraph 10A(2) of Schedule 2 to the Act.

Section 4 Words and expressions in which Government departments or other bodies may have an interest

Subject to regulation 5, each Government department or other body stated in column (2) of the Schedule is hereby specified as the relevant body for the purposes of paragraph 10A(4) of Schedule 2 to the Act in relation to the word or expression opposite to it in column (1) of the Schedule.

Section 5 Scotland and Northern Ireland

Where an entry in column (2) of the Schedule names more than one Government department or other body–

(a) in the case of a building society whose principal office is in Scotland, any department or body before whose name the words “(in Scotland)” appear shall be taken to be specified to the exclusion of any other department or body named in the entry;

(b) in the case of a building society whose principal office is in Northern Ireland,

(i) any department or body before whose name the words “(in Northern Ireland)” appear shall be taken to be specified to the exclusion of any other department or body named in the entry; and

(ii) where there is no department or body before whose name the words “(in Northern Ireland)” appear, the department or body named in the entry other than one preceded by the words “(in Scotland)” in the entry shall be taken to be specified to the exclusion of such other department or body named in the entry; and

(c) in the case of a building society whose principal office is in England or Wales, the department or body named in the entry other than one preceded by the words “(in Scotland)” or “(in Northern Ireland)” shall be taken to be specified to the exclusion of any such department or body named in the entry.