# The Building Societies (Accounts and Related Provisions) Regulations 1987, Paragraph 13: Other definitions


In the Schedules to these Regulation—
“liquid asset” means an asset which a society is, by virtue of regulations in force for the time being under section 21 (liquid assets) of the Act, empowered to hold or to continue to hold;
“retail funds and deposits” means those funds and deposits of a society which—
(a) come within section 7 (power to raise funds and borrow money) of the Act, and
(b) are not, by virtue of that section, classified as non-retail funds and deposits,
and includes, in the case of a society which has made an effective election for the purposes of subsection (5) of that section, those funds and deposits which would, but for that election, be classified as non-retail;
“subordinated loan capital” means, in respect of a society, any liability (not being a liability in respect of a share) specified in an order for the time being in force under section 45(5) of the Act (capital resources which may be aggregated with reserves for certain purposes); and
“third party” means a person who is neither the society nor a body corporate associated with it.

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Source: https://www.legislation.gov.uk/uksi/1987/2072/schedule/9/paragraph/13 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-9/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.