The FSA has confirmed the transfer of the business of Kent Reliance Building Society to OneSavings plc under the Building Societies Act 1986.
The financial regulator has certain responsibilities in respect of a transfer of business of one building society to a subsidiary of another mutual society under sections 97 and 98 of the Building Societies Act 1986 as amended by the Mutual Societies (Transfers) Order 2009.
A copy of the FSA’s written decision is available on the FSA website. Copies of the decision will also be sent to the building society and to the member of the society who made representations.