{
  "url": "https://openlegislation.uk/building-societies-banking-institutions-order-1987/article-2",
  "json_url": "https://openlegislation.uk/building-societies-banking-institutions-order-1987/article-2.json",
  "legislation": "uksi/1987/1670",
  "legislation_title": "The Building Societies (Banking Institutions) Order 1987",
  "legislation_url": "https://openlegislation.uk/building-societies-banking-institutions-order-1987",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Amendment of provisions of the Building Societies Act 1986",
  "text": "The Building Societies Act 1986 shall be amended as follows:\n(a) in section 7(4) (which identifies non-retail funds and deposits), for paragraph (bb) there shall be substituted the following paragraph:\n“(bb) sums deposited otherwise than in excepting circumstances with the society by, or by a trustee for, an institution which is —\n(i) an authorised institution, for the purposes of, or\n(ii) an overseas institution for the purposes of Part IV of,\nthe Banking Act 1987;”; and\n(b) in Schedule 8 (services), in paragraph 7(a) of Part III, for the words “recognised bank or licensed institution” there shall be substituted the words “authorised institution”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1987 c. 22."
    }
  ],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1988/1141",
      "affecting_title": "The Building Societies (Commercial Assets and Services) Order 1988"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/1670/article/2",
    "retrieved_at": "2026-10-29T16:20:12.577056+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."
}