{
  "url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-no-4-order-1992/schedule/paragraph-9",
  "json_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-no-4-order-1992/schedule/paragraph-9.json",
  "legislation": "uksi/1992/652",
  "legislation_title": "The Building Societies (Designation of Qualifying Bodies) (No. 4) Order 1992",
  "legislation_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-no-4-order-1992",
  "path": "schedule/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": "Other definitions",
  "text": "In this Schedule, except where the context otherwise requires—\n“company limited by shares” has the meaning which it bears for the purposes of the Companies Act 1985 or the Companies (Northern Ireland) Order 1986;\n“estate agency work” has the meaning which it bears in the Estate Agents Act 1979;\n“equity share capital” has the meaning which it bears for the purposes of the Companies Act 1985 or the Companies (Northern Ireland) Order 1986;\n“investment”, in respect of the expressions “the subscription for or the purchase or sale of investments”, “investment business” and “relevant investment business”, and in the definition of the last expression and of “market maker”, means any asset, right or interest falling within any paragraph in Part I of Schedule 1 to the Financial Services Act 1986;\n“investment business” means the business of engaging in one or more of the activities which fall within the paragraphs in Part II of Schedule 1 to the Financial Services Act 1986 and are not excluded by Part III of that Schedule;\n“investment services” has the meaning which it bears in Schedule 8 to the Act;\n“market maker” means—\n(a) in relation to the United Kingdom, a market maker in securities of a particular kind,\n(b) in relation to any country or territory outside the United Kingdom, a person who holds himself out at all normal times as willing to buy and sell at a price specified by him investments of a particular kind which are traded on any exchange in that country or territory;\n“market maker in securities of a particular kind” means a person who, for the purpose of sub-section (4) of section 67 (depositary receipts) of the Finance Act 1986, is so described in section 69(7) (depositary receipts: supplementary) of that Act;\n“relevant investment business” means investment business relating to investments falling within—\n(a) any paragraph other than paragraph 10 (long term insurance contracts) or 11 (rights and interests in investments) of Part I of Schedule 1 to the Financial Services Act 1986, or\n(b) paragraph 11 of that Part of that Schedule so far as it is not related to paragraph 10 of that Part of that Schedule; and\n“subordinate organisation” means, in relation to a body corporate, another body corporate of which the first owns directly or indirectly 5% or more of the ordinary share capital, and for this purpose—\n(a) “ordinary share capital” shall have the meaning which it has in section 832 (interpretation) of the Income and Corporation Taxes Act 1988, and\n(b) direct and indirect ownership shall be determined in accordance with methods the same as those set out in section 838 (subsidiaries) of that Act for determining whether a body corporate is a class of subsidiary of another.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1985 c. 6."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 1986/1032 (N.I.6)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1979 c. 38; section 1 was amended by the Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 (c. 73), Schedule 1, Part I, paragraph 40."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "1986 c. 60; Schedule 1 was amended by S.I. 1988/318, 496, 803; the Broadcasting Act 1990 (c. 42), Schedule 20;S.I. 1990/349, 1990/1493, and 1990/1104."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "1986 c. 41."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "1988 c. 1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/652/schedule/paragraph/9",
    "retrieved_at": "2026-10-29T14:25:40.499777+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."
}