# The Building Societies (Designated Capital Resources) (Deferred Shares) Order 1989, Article 2: Interpretation


In this Order–
“the Act” means the Building Societies Act 1986;
“old deferred shares” means shares issued by a building society on or before 31st December 1986 on the terms set out in paragraph 2 of Schedule 1 to the previous regulations;
“new deferred shares” means shares of the class defined for the purposes of section 119(1) of the Act by the Building Societies (Deferred Shares) Order 1989;
“the previous regulations” means the Building Societies (Authorisation) Regulations 1981 or the Building Societies (Authorisation) Regulations (Northern Ireland) 1982.

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Source: https://www.legislation.gov.uk/uksi/1989/208/article/2 (the official version)
Page: https://openlegislation.uk/building-societies-designated-capital-resources-deferred-shares-order-1989/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.