The Bradford & Bingley has been given the final thumbs-up for its conversion to a bank.
The Building Societies Commission has officially confirmed the B&B's transfer to an independent financial Plc.
It is the last hurdle to becoming a Plc before the company's flotation on the London Stock Exchange on December 4 when members will become shareholders and gain £800 in a windfall.
Chris Holland, the B&B's corporate communications manager, said: "We are very pleased that the final confirmation has been made known."
The B&B was forced to go down the conversion route after Stephen Major won a vote at a special meeting last year which was followed by a board vote to become a Plc in July.
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