The Building Societies (Amendment) Bill No 3 of 2025

  1. Name of the Bill as appearing on the Order Paper:
    The Building Societies (Amendment) Bill, 2025
  2. The Stage of the Bill:
    First Reading
  3. Summary of What the Bill Proposes to Do
    This Bill proposes to amend the Building Societies Act by standardising the financial year for all building societies. Specifically, it seeks to repeal and replace section 130 of the principal Act in order to establish 31st December as the uniform end date for the financial year. The amendment is intended to align regulatory and financial reporting periods across the sector.
  4. When the Bill has been Gazetted as an Act of Parliament
    [To be updated when the Act is gazetted]
  5. Contacts for submission of Comments: Email the National Assembly  or Visit the National Assembly Submission Portal