The Building Societies (General Charge and Fees) Regulations 1993
These Regulations supersede the Building Societies (General Charge and Fees) Regulations 1992 (“the 1992 Regulations”), which are revoked. They provide for a general charge to be paid by authorised building societies towards the expenses of the Building Societies Commission. The charge is levied with respect to the Commission’s accounting year beginning on 1st April 1993 and ending on 31st March 1994 and is expected to raise £3.7 million. Each society is required to pay a sum of £2,000 plus a sum equal to 0.00146% of its assets, up to £26,000 million, and 0.00073% of its assets above that amount, or in the case of a society by a recent amalgamation, a sum of £4,000 plus a sum equal to the same percentage of the aggregated value of the uniting societies.