# The Building Societies (Accounts and Related Provisions) Regulations 1987, Paragraph 3


(1) No subordinated loan capital shall, in Part I or II above, be treated as retail or non-retail funds and deposits.
(2) Subject to subparagraph (1) above, in Part II above the liabilities of any relevant subsidiary of a society in respect of deposits which would, were they liabilities of the society, be classifiable as non-retail funds and deposits shall be treated as non-retail funds and deposits and any other such liabilities of the relevant subsidiary shall be treated as retail funds and deposits.

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Source: https://www.legislation.gov.uk/uksi/1987/2072/schedule/3/part/III/paragraph/3 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-3/part-III/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.