Paragraph 2 Meaning of specified type of body corporate

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch., Pt.I,item 9 colimn 4 amended by Building Societies (Designation of Qualifying Bodies) 1995 art.4(2)
Sch., Pt.II, para.6(2)(b) substituted by Building Societies (Designation of Qualifying Bodies) 1995 art.4(2)(b)
Sch., Pt.II, para.6(2)(b) (defns. of the Stock Exchange and trading in derivatives) added by Building Societies (Designation of Qualifying Bodies) 1995 reg.4(2)(c) (iii)(iv)
Sch., Pt.II, para.14 (defns. of investment and market maker in securities of a particular kind) revoked by Building Societies (Designation of Qualifying Bodies) 1995 art.4(2)(c)(i)
Sch., Pt.II, para.14 (defn. of market maker) substituted by Building Societies (Designation of Qualifying Bodies) 1995 art.4(2)(c) (ii)
Sch., Pt.II, para.6(6)(b) amended by Building Societies (Designation of Qualifying Bodies) 1995 art.4

In this Schedule “specified type of body corporate” means a body corporate which is–

(a)

a company or an industrial and provident society,

(b)

a body corporate formed in a member State other than the United Kingdom,

(c)

a body corporate formed in any of the following countries:

Austria, Finland, Iceland, Liechtenstein, Norway, Sweden and Switzerland,

(d)

except for the purposes of bodies specified in (e) below, a body corporate formed in a relevant British overseas territory (within the meaning of section 14 (power to make advances secured on land overseas^f1 of the Act, or

(e)

for the purposes of an ancillary services body, financial services body, general insurance body, life insurance body, or pension body a body corporate formed in the Channel Islands or the Isle of Man.

Annotations

Footnotes

f1: Seethe Building Societies (Isle of Man) Order 1987 (S.I. 1987/1498); the Building Societies (Jersey) Order 1987 (S.I. 1987/1872); the Building Societies (Guernsey and Alderney) Order 1988 (S.I. 1988/1394); the Building Societies (Gibraltar) Order 1989 (S.I. 1989/1817), and the Building Societies (Member States) Order 1992 (S.I. 1992/1547).