102 Overview of merger procedure

Copyright © 2025 LexisNexis

BUILDING SOCIETIES vol 6(1)

102 Overview of merger procedure

Copyright © 2025 LexisNexis

| Commentary

The following is the likely sequence of events¹ that take place between the decision of a building society’s board to merge with another society and the date from which the merger becomes effective:

102.1
Stage 1: informal consultations with the Prudential Regulation Authority’s (PRA) supervisory staff on both substance and timing of the proposed merger².
102.2
Stage 2: submission

View the latest version of this document, as well as thousands of others like it, sign in to LexisNexis or register for a free trial

EXISTING USER? SIGN IN CONTINUE READING

Powered by Lexis+^®

View full volume

View full volume

E: MERGERS AND TRANSFERS OF BUSINESS

103 Prudential issues

104 Amalgamations

105 Registration of amalgamations

106 Effect of an amalgamation

107 Transfers of engagements

108 Resolutions by transferor building society

109 Resolutions by transferee building society

110 Statement concerning the merger

111 Registration and effect of transfer of engagements

112 Schedule 16 Statements

113 Service of statement

114 Board rationale

115 Merger documents

116 Compensation for loss of office and increased emoluments

117 Bonus distributions

118 Transfers of engagements under direction

119 General

120 Procedure for transfer of business

121 Overview of transfer procedure

122 Prudential information