The Rules of the Society were amended at the 2022 Annual General Meeting (AGM).
The Society had previously altered its Rules in 2014 but has now done so again following the recommendation and revisions of the Model Rules by the Building Society Association (BSA).
The Board of Directors recognised that this, and the other alterations made to the Society’s Rules, are in the interests of members and the Society since they reflect further changes in the law, confirm developments in practice, or clarify and simplify existing provisions.
These latest Rules changes were drafted by the Building Societies Association (BSA), updating their Model Rules for Building Societies (7th Edition), on which the Society’s existing Rules are largely based. The Society’s Rules were reviewed and approved by the members at the 2022 AGM, and they were registered with the Financial Conduct Authority following this. These Rules came into effect 30 March 2022.
Please click the link below to download a full copy of the Society Rules. Copies are also available from the Society’s Principal Office by emailing email@example.com.