# The Building Societies (Designation of Qualifying Bodies) (No. 2) Order 1993, Paragraph 7: Meaning of candidate for authorisation


For the purposes of this Schedule a body corporate is “a candidate for authorisation” in respect of the carrying on of mortgage indemnity insurance business if it has been formed with a view to being authorised in that respect and is applying, or is taking steps to apply, for authorisation in that respect.

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Source: https://www.legislation.gov.uk/uksi/1993/989/schedule/paragraph/7 (the official version)
Page: https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-no-2-order-1993/schedule/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.