There has been published on the legislation.gov.uk website, The Building Societies (Restricted Transactions) (Amendment to the Prohibition on Entering into Derivatives Transactions) Order 2018. The Order amends the prohibition in section 9A(1)(c) of the Building Societies Act 1986 (Act) on building societies, or subsidiary undertakings of building societies from entering into any transaction involving derivative investments. The Order amends the prohibition in section 9A(1)(c) of the Act by inserting a new paragraph 9A(4) into the Act enabling building societies and subsidiary undertakings of building societies to enter into transactions involving derivative investments where they are required to do so in order to comply with the obligations imposed by Article 37 EMIR.

View The Building Societies (Restricted Transactions) (Amendment to the Prohibition on Entering into Derivatives Transactions) Order 2018, 7 March 2018