The Building Societies (General Charge and Fees) Regulations 1992
These Regulations supersede the Building Societies (General Charge and Fees) Regulations 1991 (“the 1991 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 1992 and ending on 31st March 1993 and is expected to raise £3.9 million. Each society is required to pay a sum of £2,000 plus a sum equal to 0.0017% of its assets, up to £22,500 million, and 0.00085% of its assets above that amount, or in the case of a society formed 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.