Building societies amendment law published

The Building Societies Act 1986 (Amendment) Act 2024, which was voted through in the Parliamentary wash-up process, has been published. It will take effect from 24 July and will:

  • amend the funding limit restrictions to include three new funding measures within the definition of “disregarded funds”;
  • allow electronic attendance and coting at meetings; and
  • update the requirements for execution of documents.

Emma Radmore