The Building Societies (General Charge and Fees) Regulations 1989
These Regulations supersede the Building Societies (General Charge and Fees) Regulations 1988 (“the 1988 Regulations”), which are revoked. They provide for a general charge to be paid by authorised building societies towards the expenses of Building Societies Commission. The charge is levied with respect to the Commission’s accounting year beginning on 1st April 1989 and ending on 31st March 1990, and is expected to raise £2.8 million. Each society is required to pay a sum equal to 0.0021% of its assets, subject to prescribed minimum and maximum amounts.