The Rules of the Society were amended at the 2013 Annual General Meeting (AGM) to reflect changes in building society law and practice embodied in the Sixth Edition Model Rules as published by the Building Societies Association (BSA).
Since then the BSA has further amended the rules by adding an addendum which the Society adopted at its Annual General Meeting held on 29th April 2014. This new provision allows Societies to raise capital by issuing Deferred Shares. We have no current plans to do this however our regulator requires all societies to have this provision in their rules.
Please click the link below to download a full copy of the Rules. Copies are also available from the Society’s Secretary on request.