{
  "url": "https://openlegislation.uk/building-societies-aggregation-rules-1993/article-7",
  "json_url": "https://openlegislation.uk/building-societies-aggregation-rules-1993/article-7.json",
  "legislation": "uksi/1993/2833",
  "legislation_title": "The Building Societies (Aggregation) Rules 1993",
  "legislation_url": "https://openlegislation.uk/building-societies-aggregation-rules-1993",
  "path": "article/7",
  "kind": "article",
  "number": "7",
  "heading": "Aggregation of assets",
  "text": "(1) Where a building society is associated with a relevant body there shall be attributed to the society for the purposes of section 20 the relevant percentage of the attributable assets of the body.\n(2) Subject to paragraph (3), class 1 assets of the body shall be attributed as class 1 assets of the society, and so on for classes 2 and 3, except (in the case of class 1 only) if the aggregate amount of class 1 assets attributed to a society under paragraph (1) exceeds 15% of the society’s total commercial assets (including those attributed under paragraph (1)) the excess shall be attributed to class 2.\n(3) Assets shall be attributed as class 1 assets of the society only if the society is satisfied in relation to the advances constituting those assets that if made by the society they would have qualified as class 1 advances, and similarly in respect of class 2 assets.\n(4) Where before the coming into force of these Rules a society has obtained certificates under rule 7 of the Building Societies (Aggregation) Rules 1990 in respect of an asset, it may rely on those certificates in respect of that asset for the purposes of paragraph (3) above.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1990/2362, amended by S.I. 1992/2748."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1993/2833/article/7",
    "retrieved_at": "2026-10-29T13:47:07.716211+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."
}