# The Building Societies (Designated Capital Resources) Order 1988, Article 3: Capital resources which may be aggregated with reserves


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).

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Source: https://www.legislation.gov.uk/uksi/1988/22/article/3 (the official version)
Page: https://openlegislation.uk/building-societies-designated-capital-resources-order-1988/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.