# Building Societies Act 1986, Paragraph 3


(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.
(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.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/8/part/IV/crossheading/bankingparticular-provisions/paragraph/3 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-8/part-IV/crossheading-bankingparticular-provisions/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.