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Statutory Instruments
1999 No. 3031
BUILDING SOCIETIES
The Building Societies (Members' Requisitions) Order 1999
Made
9th November 1999
Laid before Parliament
10th November 1999
Coming into force
1st December 1999
The Building Societies Commission, with the consent of the Treasury, in exercise of the powers conferred on it by paragraph 20A(13) of Schedule 2 to the Building Societies Act 1986(1), hereby makes the following Order:
Citation and commencement
1. This Order may be cited as the Building Societies (Members' Requisitions) Order 1999 and shall come into force on 1st December 1999.
Amendment of Schedule 2 to the Building Societies Act 1986
2. In paragraph 20A(2) of Schedule 2 to the Building Societies Act 1986 (special meeting on members' requisition) for "100" there is substituted "500".
In witness whereof the common seal of the Building Societies Commission is hereunto affixed, and is authenticated by me, a person authorised under paragraph 14 of Schedule 1 to the Building Societies Act 1986, on 5th November 1999.
L.S.
G. S. Johnson
Secretary of the Commission
We consent to this Order.
Jim Dowd
Bob Ainsworth
Two of the Lords Commissioners of Her Majesty's Treasury
9th November 1999
Explanatory Note
(This note is not part of the Order)
This Order amends the definition of a members' requisition in paragraph 20A(2) of Schedule 2 to the Building Societies Act 1986 by increasing to 500 the minimum number of a building society's members needed to requisition a special meeting of the society.
1986 c. 53; paragraph 20A of Schedule 2 was inserted by section 25 of the Building Societies Act 1997 (c. 32).