| Commentary

182 General

| Commentary

3: CANCELLATION OF REGISTRATION

182 General

The Building Societies Act 1986 specifies circumstances in which a society’s registration must, or may, be cancelled by the Financial Services Authority (FSA)1. Any cancellation of the registration of a building society must be effected in writing signed by the FSA2. Where a society’s registration is cancelled, then, subject to its right of appeal3, it ceases to be a society incorporated under the Building Societies Act 1986 and accordingly ceases to be a building society within the statutory meaning4, but without prejudice to any liability actually

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