The Building Societies (Transfer of Business) (Amendment) Regulations 1990
These Regulations which are made under section 102 of the Building Societies Act 1986 replace regulations 9 and 10 of the Building Societies (Transfer of Business) Regulations 1988 with substituted regulations. Regulations 9 and 10 relate to the rights of members of a building society, the business of which is transferred, under the provisions of section 97 of the Act, to a company specially formed for the purpose, to receive a priority distribution out of the assets of the sucessor company in the event of its being wound up.