{
  "url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-no-2-order-1992/schedule/paragraph-3",
  "json_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-no-2-order-1992/schedule/paragraph-3.json",
  "legislation": "uksi/1992/650",
  "legislation_title": "The Building Societies (Designation of Qualifying Bodies) (No. 2) Order 1992",
  "legislation_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-no-2-order-1992",
  "path": "schedule/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "Specifications of particular restrictions for appropriate holding vehicles",
  "text": "(1) In this Schedule “the particular restrictions for appropriate holding vehicles” means the provisions set out in sub-paragraph (2) below.\n(2) A body corporate is not an appropriate vehicle for a society where—\n(a) it is a market maker,\n(b) it is an authorised institution, or its business requires it to be authorised, for the purposes of the Banking Act 1987, or\n(c) its business includes activities in the range from which the society is restricted.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1987 c. 22."
    }
  ],
  "outstanding_effects": [
    {
      "type": "rev in pt",
      "affecting": "uksi/1993/985",
      "affecting_title": "The Building Societies (Designation of Qualifying Bodies) Order 1993"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/650/schedule/paragraph/3",
    "retrieved_at": "2026-10-29T14:25:41.813576+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."
}