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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order designates companies acting as trustees in respect of pension schemes as bodies corporate which building societies may invest in (for example by acquiring shares) and for which they may provide supporting services. The purpose of investment and support of such a company must be to enable it to act as trustee of pension schemes which do not require the placing of any funds within the scheme with a building society of which the company is a subsidiary.