{
  "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989",
  "json_url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989.json",
  "id": "uksi/1989/207",
  "title": "The Building Societies (Deferred Shares) Order 1989",
  "short_title": "Building Societies (Deferred Shares) 1989",
  "long_title": "This Order is made under section 119(1) of the Building Societies Act 1986 which provides that “deferred shares” means shares of a class defined by order. Definition of such a class has two primary effects. Before a society is authorised under section 9 of the Act to raise funds and borrow money it may nevertheless accept payments by way of subscription for deferred shares up to limits specified in section 9. By virtue of section 27(8) of the Act deferred shares are not to count as protected investments for the purposes of the investor protection fund set up under Part IV of the Act.",
  "citation": "S.I. 1989/207",
  "type": "uksi",
  "year": "1989",
  "number": "207",
  "version": "current",
  "date": "1989-02-14",
  "revised": false,
  "valid_from": null,
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  "unapplied_effects": 1,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/introduction",
      "extent": null,
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      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Deferred Shares",
      "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/article-3",
      "extent": null,
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    },
    {
      "path": "signature",
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      "heading": "Signature",
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      "extent": null,
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    },
    {
      "path": "schedule",
      "kind": "schedule",
      "number": null,
      "heading": "THE KEY TERMS AND THE PERMITTED EXCEPTION",
      "url": null,
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    },
    {
      "path": "schedule/paragraph/1",
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      "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/schedule/paragraph-1",
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      "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/schedule/paragraph-2",
      "extent": null,
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    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/note",
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    }
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      "date": "2023-11-22",
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      "url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/pdf/uksi_19890207_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/1989/207/pdfs/uksi_19890207_en.pdf"
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  "outstanding_effects": [
    {
      "type": "revoked",
      "affected_provisions": "Instrument",
      "affecting": "uksi/1991/701",
      "affecting_title": "The Building Societies (Deferred Shares) Order 1991",
      "affecting_provisions": null
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1986/53",
      "title": "Building Societies Act 1986",
      "url": "https://openlegislation.uk/building-societies-act-1986",
      "provisions": [
        "section/119"
      ]
    }
  ],
  "changes_made_to": 1,
  "changes_made_to_url": "https://openlegislation.uk/building-societies-deferred-shares-order-1989/changes.json",
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1989/207",
    "retrieved_at": "2026-10-29T15:49:59.154788+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."
}