UK Statutory Instrument SI 1987/1975 United Kingdom

The Building Societies (Limited Credit Facilities) Order 1987

Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader1 Any Person1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts
Any Person — also bound by 2340 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art006 Limit on balances Regulated
  • Recover any overdrawn amounts from facility account holdersTrader
s.art007 Class 3 asset limits Regulated
  • Record the power used for each arrangement under dual powersAny Person
6 other provisions — procedural and definitional
s.art001 Title and commencement
s.art002 Interpretation
s.art003 Facility debts and accounts
s.art004 Societies to which power is available
s.art005 Facility account holder to be an individual
s.art008 Amendment of 1986 Act
Schedules

Schedules

0 of 7 shown
7 other schedules
s.sch001 At the end of section 15(5)(b) there shall be inserted...
s.sch001 At the end of section 15(6) there shall be inserted...
s.sch001 In section 15(12), before the definition of “mobile home”, the...
s.sch002 At the end of section 16(5)(b) there shall be inserted...
s.sch002 At the end of section 16(6)(c) there shall be inserted...
s.sch002 At the end of section 16(7) there shall be inserted...
s.sch002 After section 16(16) the following subsection shall be added:

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.