{
  "url": "https://openlegislation.uk/building-societies-act-1986/schedule-8/part-IV/crossheading-bankingparticular-provisions/paragraph-3",
  "json_url": "https://openlegislation.uk/building-societies-act-1986/schedule-8/part-IV/crossheading-bankingparticular-provisions/paragraph-3.json",
  "legislation": "ukpga/1986/53",
  "legislation_title": "Building Societies Act 1986",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1986",
  "path": "schedule/8/part/IV/crossheading/bankingparticular-provisions/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) A building society shall, so far as regards the carrying on of an activity which comprises provision of a banking service for the purposes of this Schedule, be treated for all purposes as a bank and a banker and as carrying on the business of banking or a banking undertaking whether or not it would be so treated apart from this paragraph.\n(2) This paragraph does not affect the determination of any question as to the status of a building society as a bank or banker for other purposes.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/53/schedule/8/part/IV/crossheading/bankingparticular-provisions/paragraph/3",
    "retrieved_at": "2026-10-29T09:54:49.368285+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."
}