{
  "url": "https://openlegislation.uk/building-societies-designated-capital-resources-order-1988/article-3",
  "json_url": "https://openlegislation.uk/building-societies-designated-capital-resources-order-1988/article-3.json",
  "legislation": "uksi/1988/22",
  "legislation_title": "The Building Societies (Designated Capital Resources) Order 1988",
  "legislation_url": "https://openlegislation.uk/building-societies-designated-capital-resources-order-1988",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Capital resources which may be aggregated with reserves",
  "text": "Subject to articles 4 and 5 below, the principal amount outstanding of any subordinated debt due from a society shall be aggregated with the society’s reserves for the purpose of the first criterion in section 45(3) of the Act (criteria of prudent management).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/22/article/3",
    "retrieved_at": "2026-10-29T16:13:31.279484+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."
}