# The Building Societies (Accounts and Related Provisions) Regulations 1998, Paragraph 13: Other defintions

Extent: E+W+S+N.I.

In the Schedules to these Regulations—
“credit institution” means an undertaking carrying on (whether in the United Kingdom or elsewhere) a regulated activity (within the meaning of the Financial Services and Markets Act 2000) of accepting deposits, and authorised by the competent authorities of the United Kingdom, an EEA State or any other State (the reference to accepting deposits being read with section 22 of that Act, any relevant order under that section and Schedule 2 to that Act);
“EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978;
“fair value reserve” has the meaning given by paragraph 31E of Schedule 7;
...
“fixed assets” means assets of a society which are intended for use on a continuing basis in the society’s activities, and “current assets” means assets not intended for such use;
“liquid assets” (except in paragraph 2(1A) of Schedule 9) means an asset of a society which is shown under Asset item A in Part I or II of Schedule 2;
“sale and repurchase transaction” means a transaction which involves the transfer by a credit institution or a customer (the “transferor”) to another credit institution or customer (the “transferee”) of assets subject to an agreement that the same assets will subsequently be transferred back to the transferor at a specified price on a date specified or to be specified by the transferor; but forward exchange transactions, options, transactions involving the issue of fixed income securities with a commitment to repurchase all or part of the issue before maturity or any similar transactions shall not be regarded as sale and repurchase transactions; and
“third party” means a person who is neither the society nor a connected undertaking.

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Source: https://www.legislation.gov.uk/uksi/1998/504/schedule/11/paragraph/13 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1998/schedule-11/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.