The decision was reached following a public hearing made to the FSA on 14 December 2001.
The FSA has responsibilities over the transfer of engagements from one building society to another under sections 94 to 96 of the Building Societies Act 1986.
Copies of the FSA’s written decision are available from the FSA. It includes a full discussion of the issues raised during the confirmation proceedings and the reasons for the FSA’s decision.
