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Link to original content: http://www.legislation.gov.uk/uksi/2001/2617/schedule/3/paragraph/197/made
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197. In section 119(1)—
(a)in subsection (1)—
(i)the definition of “authorisation” is omitted,
(ii)before the definition of “borrowing members' resolution”, there is inserted—
““the Authority” means the Financial Services Authority;”,
(iii)the definitions of “the central office”, “the Chief Registrar”, “the Commission”, and “the criteria of prudent management” are omitted,
(iv)in the definition of “deferred shares”, for the words “Commission, with the consent of the Treasury,” there is substituted “Treasury”,
(v)the definition of “Investor Protection Board” is omitted,
(vi)the definition of “non-EEA laws” (including the words up to “construed accordingly;”) is omitted,
(vii)in the definition of “officially notified”, for the words “central office” there is substituted “Authority”,
(viii)the definition of “prescribed” is omitted, and
(ix)in the definition of “the public file”, for the words “central office” there is substituted “Authority”,
(b)after that subsection there is inserted—
“(1A) Any reference in this Act to the seal of the Authority is a reference to the seal provided for in regulations made under section 109(1)(b) of the Friendly Societies Act 1974 (and not to the Authority’s common seal).”, and
(c)in subsection (4)—
(i)for the words “sections 9A(7) and 83A(7)” there is substituted “section 9A(7)”, and
(ii)for the word “Commission” there is substituted “Authority”.
Relevant amendments to section 119 are made by the Building Societies Act 1997, Schedule 7 paragraphs 51 and 53 and S.I. 1996/1669.
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