{
  "url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-3/part-III/paragraph-2",
  "json_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-3/part-III/paragraph-2.json",
  "legislation": "uksi/1987/2072",
  "legislation_title": "The Building Societies (Accounts and Related Provisions) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987",
  "path": "schedule/3/part/III/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "In Part II above—\n(a) any asset which arises from the activity of a relevant subsidiary and would, were the relevant subsidiary the society, be a commercial asset, shall (subject to subparagraph (b) below) be treated as a commercial asset, but\n(b) assets to which section 17(6) of the Act would apply by the operation of subparagraph (a) above shall be treated as fixed assets and not as commercial assets.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/2072/schedule/3/part/III/paragraph/2",
    "retrieved_at": "2026-10-29T16:16:29.421538+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}