68 Records of loans, etc for directors falling within s 65
Building Societies Act 1986 (1986 c 53) | Legislation

68  Records of loans, etc for directors falling within s 65

(1)     A building society shall maintain a register containing a copy of every subsisting transaction or arrangement (other than an excepted transaction or arrangement) falling within section 65(1) made for a director or a person connected with a director of the society during the current financial year or any of the preceding ten financial years.

(2)     In the case of a transaction or arrangement which is not in writing, there shall be kept in the register a written memorandum setting out its terms.

(3)     A building society shall make available for inspection by members—

(a)     at its principal office during the period of 15 days expiring with the date of its annual general meeting, and

(b)     at the annual general meeting,

a statement containing the requisite particulars of the transactions and arrangements falling within section 65(1) which were included in the register under subsection (1) above at any time during the last complete financial year preceding the meeting.

(4)     The requisite particulars are those specified in Schedule 9 to this Act.

[(5)     The society must send two copies of the statement required to be made available under subsection

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