S.I. No. 119/1977 - Building Societies Regulations, 1977.

S.I. No. 119 of 1977.

BUILDING SOCIETIES REGULATIONS, 1977.

The Minister for Local Government, in exercise of the powers conferred on him by sections 5 , 18 and 20 of the Building Societies Act, 1976 (No. 38 of 1976) and as respects articles 3 and 4 of these Regulations after consultation with the Minister for Finance, hereby makes the following Regulations:—

1. These Regulations may be cited as the Building Societies Regulations, 1977.

2. In these Regulations, "the Act" means the Building Societies Act, 1976 .

3. (1) Subject to the provisions of sub-article (2) of this article, the minimum value of shares in a society which shall have been issued to each of the appropriate persons for the purpose of subsection (1) of section 18 of the Act and in respect of which written evidence under that subsection shall be produced to the Registrar shall be £10,000 and the total value of such shares shall be not less than £100,000.

(2) In the case of a society which was incorporated before the 5th day of December, 1975, and which satisfies the Registrar that its directors and members are linked by employment by a common employer and its funds are used solely to enable members to acquire houses for their own occupation the minimum value of shares which shall have been issued to each of the appropriate persons for the purpose of subsection (1) of section 18 of the Act and in respect of which written evidence under that subsection shall be produced to the Registrar shall be £100 and the total value of such shares shall be not less than £1,000.

4. The amount of the deposit which a society shall maintain at the Central Bank pursuant to section 20 of the Act shall be £20,000 or one and one half per cent of the amount due to shareholders and depositors whichever is the greater, but shall not exceed £500,000.

5. The forms in the Schedule hereto, or forms substantially to the like effect, are hereby prescribed to be used for the purposes to which they relate.

SCHEDULE.

BUILDING SOCIETIES ACT, 1976 .

CERTIFICATE OF INCORPORATION.

REGISTERED NO.

The Registrar of Building Societies hereby certifies that the
........................................................ Building Society is from the date hereof incorporated
under the Building Societies Act, 1976 .
Dated............................................................ ......
	(Signature)
	Registrar of Building Societies

BUILDING SOCIETIES ACT, 1976 .

CERTIFICATE OF REGISTRATION OF ALTERATION OF RULES

REGISTERED NO.

The Registrar of Building Societies hereby certifies that the alteration of the rules of the ....................................................... Building Society to which this certificate is attached is from the date hereof registered under section 12 of the Building Societies Act, 1976 .
Dated............................................................ ....
	(Signature)
	Registrar of Building Societies

BUILDING SOCIETIES ACT, 1976

CERTIFICATE OF REGISTRATION OF CHANGE OF NAME

REGISTERED NO.

The Registrar of Building Societies hereby certifies that the change made by the ............................................................ ..................... Building Society of its name to the ............................................................ Building Society has been duly registered under section 13 (3) of the Building Societies Act, 1976 .
Dated.........................................................
	(Signature)
	Registrar of Building Societies.

BUILDING SOCIETIES ACT, 1976

CERTIFICATE OF REGISTRATION OF NOTICE OF SITUATION OF CHIEF OFFICE

REGISTERED NO.

The Registrar of Building Societies hereby certifies that notice of the situation of the chief office of the ............................................................ ....... Building Society has been duly registered under section 14 of the Building Societies Act, 1976 as the following:—
Dated............................................................ ..
	(Signature)
	Registrar of Building Societies

BUILDING SOCIETIES ACT, 1976

CERTIFICATE OF REGISTRATION OF UNION OF TWO OR MORE SOCIETIES UNDER SECTION 25 of THE BUILDING SOCIETIES ACT, 1976 .

The Registrar of Building Societies hereby certifies that notice of the union under paragraphs (a) and (b) (i) of subsection (1) of section 25 of the Building Societies Act, 1976 of the building societies named hereunder has been duly registered.
Dated............................................................ ..
	(Signature)
	Registrar of Building Societies
Societies which have united—
............................................................ ......	Building Society (Reg. No. .............................)
............................................................ ......	Building Society (Reg. No. .............................)
............................................................ ......	Building Society (Reg. No. .............................)
United society—
............................................................ ...	Building Society (Reg. No. .............................)

BUILDING SOCIETIES ACT, 1976

CERTIFICATE OF REGISTRATION OF UNION OF TWO OR MORE SOCIETIES UNDER SECTION 27 of THE BUILDING SOCIETIES ACT, 1976

The Registrar of Building Societies hereby certifies that he has this day registered under paragraph (a) of subsection (6) of section 27 of the Building Societies Act, 1976 the union of the following building societies—
............................................................ .....	Building Society (Reg. No. ...........................)
............................................................ ......	Building Society (Reg. No. ...........................)
............................................................ ......	Building Society (Reg. No. ...........................)
to form—
the............................................................	Building Society (Reg. No. ...........................)
Dated........................................................
	(Signature)
	Registrar of Building Societies

BUILDING SOCIETIES ACT, 1976

CERTIFICATE OF REGISTRATION OF TRANSFER OF ENGAGEMENTS OR OF UNDERTAKING TO FULFIL ENGAGEMENTS UNDER SECTION 26 of THE BUILDING SOCIETIES ACT, 1976

The Registrar of Building Societies hereby certifies that notice of the transfer of engagements
of the ........................................................ Building Society (Reg. No. ....................................) to the.................................................... Building Society (Reg. No. ..............................................) under paragraphs (a) and (b) (i) of subsection (1) of section 26 of the Building Societies Act, 1976 has this day been duly registered.
Dated .............................................
	(Signature)
	Registrar of Building Societies

BUILDING SOCIETIES ACT, 1976

CERTIFICATE OF REGISTRATION OF TRANSFER OF ENGAGEMENTS OR OF UNDERTAKING TO FULFIL ENGAGEMENTS UNDER SECTION 27 of THE BUILDING SOCIETIES ACT, 1976

The Registrar of Building Societies hereby certifies that he has this day registered under paragraph (a) of subsection (6) of section 27 of the Building Societies Act, 1976 a transfer of the engagements of the ............................................................ ........ Building Society (Reg No. ..........................................) to the ............................................................ ... Building Society (Reg. No. ....................................)
Dated............................................................ ......
	(Signature)
	Registrar of Building Societies

GIVEN under the Official Seal of the Minister for Local Government this 27th day of April, 1977.

JAMES TULLY,

Minister for Local Government.

EXPLANATORY NOTE.

These Regulations prescribe the amounts which the founders or directors must have invested in a society to which section 18 of the Act applies. The Regulations also prescribe the amount of the deposit which a society must maintain at the Central Bank in compliance with section 20 of the Act. They also prescribe the form of certificates issued by the Registrar under sections 11, 12, 13, 14, 25, 26 and 27 of the Act.