{
  "url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-3",
  "json_url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-3.json",
  "legislation": "uksi/1991/702",
  "legislation_title": "The Building Societies (Designated Capital Resources) (Permanent Interest Bearing Shares) Order 1991",
  "legislation_url": "https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Capital resources which may be aggregated with reserves",
  "text": "Where a society has issued old deferred shares or new deferred shares and those shares remain in issue on the date on which this Order comes into force and the terms thereof would continue to be in compliance with the previous regulations or, as the case may be the Building Societies (Deferred Shares) Order 1989, those shares may for the purposes of the first criterion be aggregated with reserves but only so far as the nominal value of the shares so aggregated does not exceed £250,000.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/702/article/3",
    "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."
}