Transitional Provisions and Schedules

Part

BSOCS Building Societies sourcebook

Chapter

Transitional Provisions and Schedules

Printed on: 16/09/2024

Rulebook at: 06/07/2010

Transitional Provisions and Schedules

BSOCS TP

Transitional provisions

(1)

(2)

(3)

(4)

(5)

(6)

Material to which the transitional provision relates

Transitional provision

Transitional provisions: dates in force

Handbook provisions: coming into force

1.1

BSOCS (other than BSOCS 1.15.1G and BSOCS 2.4.1G to BSOCS 2.4.11G)

In relation to a society which as at 30 November 2009 was subject to IPRU(BSOC), the rules and guidance listed in column (2) do not apply until 1 June 2010.

1 April 2010 to 31 May 2010

1 April 2010

1.2

BSOCS (other than BSOCS 1.15.1G and BSOCS 2.4.1G to BSOCS 2.4.11G)

In relation to a society which as at 30 November 2009 was subject to IPRU(BSOC) and which as at 31 May 2010 is a simplified ILAS BIPRU firm, the rules and guidance listed in column (2) do not apply until 1 October 2010.

1 June 2010 to 30 September 2010

1 April 2010

1.3

The changes to IPRU(BSOC) set out in Annex B to the Building Societies Sourcebook Instrument 2010

In relation to a society which as at 30 November 2009 was subject to IPRU(BSOC) and which as at 31 May 2010 is a simplified ILAS BIPRU firm, the changes effected by the Annex listed in column (2) do not apply.

1 June 2010 to 30 September 2010

1 June 2010

01/04/2010

BSOCS Sch 1

Record keeping requirements

01/04/2010

BSOCS Sch 1.1

There are no record-keeping requirements in BSOCS.

01/04/2010

BSOCS Sch 2

Notification requirements

01/04/2010

BSOCS Sch 2.1

There are no notification requirements in BSOCS.

01/04/2010

BSOCS Sch 3

Fees and other required payments

01/04/2010

BSOCS Sch 3.1

There are no requirements for fees in BSOCS.

01/04/2010

BSOCS Sch 4

Powers Exercised

01/04/2010

BSOCS Sch 4.1

The following powers and related provisions in or under the Act have been exercised by the FSA to make the rules in BSOCS:

section 138 (General rule-making power)

section 156 (General supplementary powers)

01/04/2010

BSOCS Sch 4.2

The following powers in the Act have been exercised by the FSA to give the guidance in BSOCS:

section 157(1) (Guidance)

01/04/2010

BSOCS Sch 5

Rights of action for damages

01/04/2010

BSOCS Sch 5.1

There are no rules in BSOCS which give rights of action for damages.

01/04/2010

BSOCS Sch 6

Rules that can be waived

01/04/2010

BSOCS Sch 6.1

There are no rules in BSOCS that can be waived.

01/04/2010