Article 3 Amendment of the Building Societies (Mobile Home Loans) Order 1986

after the definition of “the Act” there shall be inserted the following definition:

““authorised institution” means an institution which is an authorised institution for the purposes of the Banking Act 1987;”; and

the definitions of “licensed deposit taker” and “recognised bank” and the word “and” immediately before the latter definition shall be omitted; and

in paragraph (c)(ii), for the words “society, recognised bank or licensed deposit taker” there shall be substituted the words “society or authorised institution”; and

in paragraph (d), for the words “a recognised bank or licensed deposit taker” there shall be substituted the words “an authorised institution”.