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The Banking Coordination (Second Council Directive) Regulations 1992
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- UK Statutory Instruments
- 1992 No. 3218
- SCHEDULE 11
- PART IV
- Revocation of authorisation
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Revocation of authorisation
19.—(1) This paragraph applies to a building society which immediately before the commence ment date is authorised by the Commission under the Building Societies Act.
(2) If a society to which this paragraph applies is immediately before the commencement date carrying on in the United Kingdom or elsewhere a listed activity (other than the acceptance of deposits or other repayable funds from the public), it shall be treated for the purposes of subsection (1A)(b) of section 43 of the Building Societies Act(1) (revocation of authorisation) as if it had given prior notice to the Commission of its intention to carry on that activity.
(1)
Section 43(1A) is inserted by regulation 71(1) of these Regulations.
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