107 Restriction of use of certain names and descriptions
Building Societies Act 1986 (1986 c 53) | Legislation

107  Restriction of use of certain names and descriptions

(1)     Subject to subsections (2) to (9) below, no person carrying on in the United Kingdom a business of any description shall, unless that person is a building society, use any name or in any other way so describe himself or hold himself out so as to indicate, or reasonably be understood to indicate—

(a)     that he is a building society,

(b)     that he, or his business, is connected with one or more building societies, or

(c)     that he, or his business, is connected with building societies generally.

(2)     Subsection (1) does not prohibit the use by an institution carrying on the business of taking deposits and making loans secured on land which has its principal place of business in a country or territory outside the United Kingdom, of the name under which the institution carries on business in that country or territory if—

(a)     the name is used in immediate conjunction with a description distinguishing the institution from a building society, being a description which has been approved for the purposes of this subsection by the [FCA] and the approval has not been revoked under subsection (7) below, and

(b)

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