# The Building Societies (Designated Capital Resources) (Permanent Interest Bearing Shares) Order 1991, Article 5: Other shares not to be written down


The amount paid up on deferred shares shall not be aggregated with reserves for the foregoing purposes at any time at which the terms on which shares in the society other than deferred shares are held, whether contained in the society’s rules or otherwise, enable those shares to be written down.

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Source: https://www.legislation.gov.uk/uksi/1991/702/article/5 (the official version)
Page: https://openlegislation.uk/building-societies-designated-capital-resources-permanent-interest-bearing-shares-order-1991/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.