{
  "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991",
  "json_url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991.json",
  "id": "uksi/1991/702",
  "title": "The Building Societies (Designated Capital Resources) (Permanent Interest Bearing Shares) Order 1991",
  "short_title": "Building Societies (Designated Capital Resources) (Permanent Interest Bearing Shares) 1991",
  "long_title": "This Order is made under section 45(5) of the Building Societies Act 1986 which permits the Building Societies Commission with the consent of the Treasury to specify descriptions of capital resources which may be aggregated with reserves for the purpose of the first criterion of prudent management in section 45(3) of the Act, the maintenance of adequate reserves and other designated capital resources.",
  "citation": "S.I. 1991/702",
  "type": "uksi",
  "year": "1991",
  "number": "702",
  "version": "current",
  "date": "1991-03-18",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 3,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Capital resources which may be aggregated with reserves",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Capital resources which may be aggregated with reserves",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Other shares not to be written down",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-5",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Effect of Commission consent to repayment",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-6",
      "extent": null,
      "status": null,
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    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Revocation",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-7",
      "extent": null,
      "status": null,
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    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "THE PRESCRIBED TERMS FOR PERMANANT INTEREST BEARING SHARES",
      "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/schedule-1",
      "extent": null,
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    },
    {
      "path": "schedule/2",
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      "number": "2",
      "heading": "THE DISQUALIFYING TERMS FOR PERMANENT INTEREST BEARING SHARES",
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    },
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      "heading": "Explanatory note",
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    }
  ],
  "has_text": true,
  "pdfs": [],
  "outstanding_effects": [
    {
      "type": "modified",
      "affected_provisions": "art. 4(4)",
      "affecting": "uksi/1992/3218",
      "affecting_title": "The Banking Coordination (Second Council Directive) Regulations 1992 (revoked)",
      "affecting_provisions": "Sch. 10 para. 62"
    },
    {
      "type": "amended",
      "affected_provisions": "art.2(1) (defn of subordinated debt)",
      "affecting": "uksi/1994/749",
      "affecting_title": "The Building Societies (Undated Subordinated Debt) Order 1994",
      "affecting_provisions": "art.6"
    },
    {
      "type": "words substituted",
      "affected_provisions": "art. 2(1)",
      "affecting": "uksi/1998/1129",
      "affecting_title": "The Bank of England Act 1998 (Consequential Amendments of Subordinate Legislation) Order 1998",
      "affecting_provisions": "Sch. 1 para. 11"
    }
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  "made_under": [
    {
      "id": "ukpga/1986/53",
      "title": "Building Societies Act 1986",
      "url": "https://openlegislation.uk/building-societies-act-1986",
      "provisions": [
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  "instruments_made_under_url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/702",
    "retrieved_at": "2026-10-29T14:47:48.125163+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."
}