UK Statutory Instrument SI 1993/2706 United Kingdom

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

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person3 Employer1

Other Acts binding the same actors

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

Any Person — also bound by 2340 other Acts
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

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.

sch. para. 12 Meaning of lending certification condition for lending bodies Regulated
  • Obtain annual compliance certificate from lending body or divest sharesAny Person
sch. para. 4 Meaning of qualifying activities condition Regulated
  • Dispose of shares in non-qualifying bodies and check annual income thresholdsAny Person
sch. para. 5 Meaning of business percentage condition for estate agency bodies Regulated
  • Check estate agency income is 40% from estate agency workEmployer
sch. para. 6 Meaning of relevant restrictions Regulated
  • Divest shares if your investee body is excluded by a relevant restrictionAny Person
16 other provisions — procedural and definitional
sch. para. 11 Meaning of condition for investment in Girobank plc
s.001 Meaning of standard asset condition (opens in a new tab)
s.002 Meaning of specified type of body corporate (opens in a new tab)
s.003 Meaning of subordinate organisation (opens in a new tab)
s.007 Meaning of activities in the range from which a society is restricted (opens in a new tab)
s.008 Meaning of candidate (opens in a new tab)
s.009 Meaning of investment and support limit for general insurance bodies (opens in a new tab)
s.010 Meaning of specified purposes in relation to Girobank plc (opens in a new tab)
s.013 Meaning of making syndicated loans (opens in a new tab)
s.014 Other definitions (opens in a new tab)
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

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