Building Societies Act 1986

The Building Societies Act 1986 is a UK law that governs the operation, regulation, and governance of building societies—mutual financial institutions that primarily provide savings accounts and home loans. It sets out rules for their registration, management, and financial conduct to ensure stability, transparency, and protection for members. The Act also establishes supervisory frameworks to oversee their activities, helping to maintain confidence in these organizations as key players in the housing finance market. Essential for maintaining trust and integrity within the sector, it balances the interests of members with the need for sound financial management.