# The Building Societies (Accounts and Related Provisions) Regulations 1992, Paragraph 4


In Asset items 2 and 3 in Parts I and II of this Schedule the expression “ADVANCES SECURED ON RESIDENTIAL PROPERTY” shall correspond to advances which are Class I advances, and the expression “OTHER ADVANCES SECURED ON LAND” to advances which are Class 2 advances, for the purpose of the requirements of Part III (advances, loans and other assets) of the Act for the structure of commercial assets.

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Source: https://www.legislation.gov.uk/uksi/1992/359/schedule/2/part/III/paragraph/4 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1992/schedule-2/part-III/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.