The Building Societies (General Charge and Fees) Regulations 2000
These Regulations supersede the Building Societies (General Charge and Fees) Regulations 1999, 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 the 1st April 2000 and ending on 31st March 2001 and is expected to raise £2.1 million in aggregate. Societies with assets of £50 million or less are required to pay a sum of £3,750 plus a sum equal to 0.00124 per cent of their assets. Societies with assets of more than £50 million are required to pay a sum of £5,000 plus a sum equal to 0.00124 per cent of their assets up to £30,000 million and 0.00062 per cent of their assets above that amount. In the case of a society formed by a recent amalgamation, a sum of £10,000 is payable plus a sum equal to the same percentage of the aggregated value of the uniting societies.