Financial Services Authority confirms Barnsley Building Society merger with the Yorkshire Building Society
FSA/PN/157/2008
24 December 2008
The Financial Services Authority today announced that it confirmed on 23 December the proposed transfer of the engagements of the Barnsley Building Society to the Yorkshire Building Society.
Copies of the FSA’s written decision are available on the FSA website.
The document sets out the reasons for the FSA's decision. Two written representations and one notice of intention to make oral representations only, were received by the FSA. One person made oral representations at a Hearing held in Barnsley on 15 December 2008. Copies of the decision will be sent to each society and to those who made representations.
Notes for editors
- The FSA has certain responsibilities in respect of a transfer of engagements of one building society to another under sections 42B and 94 to 96 of the Building Societies Act 1986.
- The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; promoting public understanding of the financial system; securing the appropriate degree of protection for consumers; and fighting financial crime.
- The FSA aims to promote efficient, orderly and fair markets, help retail consumers achieve a fair deal and improve its business capability and effectiveness.