# The Building Societies (Aggregation) Rules 1987, Article 2: Interpretation


In these Rules—
“the Act” means the Building Societies Act 1986;
“deposit liabilities” means liabilities in respect of deposits and, in relation to the deposit liabilities of an associated body of a society, “relevant deposit liabilities” means deposit liabilities which are neither represented by assets of the society nor incurred in the course of providing a service for the time being specified in Part I of Schedule 8 (Provision of Services) to the Act;
“non-retail liabilities”, in respect of a society, means liabilities in respect of its non-retail funds and deposits;
“retail liabilities”, in respect of a society, means liabilities, other than non-retail liabilities, in respect of shares in or money deposited with it; and
“society” means a building society.

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Source: https://www.legislation.gov.uk/uksi/1987/2133/article/2 (the official version)
Page: https://openlegislation.uk/building-societies-aggregation-rules-1987/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.