UK Statutory Instrument 1993 United Kingdom

The Building Societies (Designation of Qualifying Bodies) (No. 3) Order 1993

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4 compliance obligations

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

sch. para. 12

Meaning of lending certification condition for lending bodies

  • Obtain annual compliance certificate from lending body or divest shares
sch. para. 4

Meaning of qualifying activities condition

  • Dispose of shares in non-qualifying bodies and check annual income thresholds
sch. para. 5

Meaning of business percentage condition for estate agency bodies

  • Check estate agency income is 40% from estate agency work
sch. para. 6

Meaning of relevant restrictions

  • Divest shares if your investee body is excluded by a relevant restriction
Browse 21 other sections — procedural / definitional / commencement
sch. para. 11

Meaning of condition for investment in Girobank plc

s.art001

Title and commencement

s.art002

Interpretation

s.art003

Designation of bodies corporate

s.art004

Revocation and savings

s.art005

Amendments of the Building Societies (Designation of Qualifying Bodies) Order 1993

s.art006

Amendments of the Building Societies (Designation of Qualifying Bodies) (No. 2) Order 1993

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