Commentary

7 Transfer of functions of the central office

BUILDING SOCIETIES vol 6(1)
| Commentary

7 Transfer of functions of the central office

| Commentary

7 Transfer of functions of the central office

Under the Building Societies Act 1986 as originally enacted the responsibility for various functions in relation to building societies was conferred on the central office of the registry of friendly societies1. Those functions have now been transferred to the Financial Services Authority (FSA)2. The functions the FSA has inherited from the central office of the registry of friendly societies are as follows:

  1. 7.1

        to register new societies3;

  2. 7.2

        to register memoranda of new4 and existing5 societies;

  3. 7.3

        to register alterations to a society’s

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