
1 

(1) This Order may be cited as the Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024.
(2) This Order comes into force on 4thNovember 2024.
(3) This Order extends to England and Wales, Scotland and Northern Ireland.
2 

(1) The Building Societies Act 1986 is amended as follows.
(2) In subsections (10) and (11)(c) of section 7 (the funding limit) for “£1,000,000” substitute “£6,500,000”.
Jeff Smith
Anna Turley
Two of the Lords Commissioners of His Majesty’s Treasury
10th October 2024