{
  "url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1988/schedule/part-I",
  "json_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1988/schedule/part-I.json",
  "legislation": "uksi/1988/1196",
  "legislation_title": "The Building Societies (Designation of Qualifying Bodies) Order 1988",
  "legislation_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1988",
  "path": "schedule/part/I",
  "kind": "part",
  "number": "I",
  "heading": "bodies corporate, and descriptions of bodies corporate, designated",
  "text": "Item\nColumn 1\nColumn 2\nColumn 3\nColumn 4\nColumn 5\nSpecified name or description\nSpecified registration number or definition\nSpecified relevant power\nSpecified purposes (if any)\nSpecified limits and conditions (if any)\n1.\nElectronic Funds Transfer Limited\n1762109\nInvestment and support or support.\n—\n—\n2.\nFunds Transfer Sharing Limited\n1850222\nInvestment and support or support.\n—\n—\n3.\nLINK Interchange Network Limited\n2012106\nInvestment and support or support.\n—\n—\n4.\nAPACS (Administration) Limited\n1935025\nInvestment and support or support.\nFacilitating the provision of banking services by the society or any associated body of the society.\n—\n5.\nBACS Limited\n1023742\nInvestment and support or support.\nFacilitating the provision of banking services by the society or any associated body of the society.\n—\n6.\nCHAPS and Town Clearing Company Limited\n1962902\nInvestment and support or support.\nFacilitating the provision of banking services by the society or any associated body of the society.\n—\n7.\nCheque and Credit Clearing Company Limited\n1962903\nInvestment and support or support.\nFacilitating the provision of banking services by the society or any associated body of the society.\n—\n8.\nEftPos UK Limited\n1952127\nInvestment and support or support.\n(1) Facilitating the provision of banking services by the society or any associated body of the society.\n(2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.\nThe standard asset provision, except in the case of the purpose specified in paragraph (1) in column 4 of this item.\n9.\nThe Joint Credit Card Company Limited\n1001425\nInvestment and support or support.\n(1) Facilitating the provision of banking services by the society or any associated body of the society.\n(2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.\nThe standard asset provision.\n10.\nVisa International Service Association\nFC9816\nInvestment and support or support.\n(1) Facilitating the provision of banking services by the society or any associated body of the society.\n(2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.\nThe standard asset provision.\n11.\nEuropean lending company\nA company with the objects of carrying on in a member state other than the United Kingdom businesses which consist wholly or mainly in lending money on the security of land and do not (where that is not the whole business) include lending on land in the United Kingdom.\nInvestment and support.\nEnabling the company to carry on the businesses referred to in (and not excluded by) column 2 of this item.\n(1) The standard asset provision.\n(2) The group interest provision.\n12.\nHousing association\nA body corporate within the meaning of “housing association” in section 1 of the Housing Associations Act 1985 or article 114 of the Housing (Northern Ireland) Order 1981.\n(1) Where the housing association is a one tier organisation, investment and support or support.\n(2) Otherwise, investment and support.\n—\n(1) The standard asset provision.\n(2) The group interest provision.\n13.\nHousing trust\nA body corporate within the meaning of “housing trust” in section 2 of the Housing Associations Act 1985 or article 114 of the Housing (Northern Ireland) Order 1981.\n(1) Where the housing trust is a one tier organisation, investment and support or support.\n(2) Otherwise, investment and support.\n—\n(1) The standard asset provision.\n(2) The group interest provision.\n14.\nPension vehicle\nA type A body corporate formed for the purpose of, or the objects of which include, the carrying on of the business of acting as trustee in respect of pension schemes or descriptions of them.\n(1) Where the pension vehicle is a one tier organisation, investment and support or support.\n(2) Otherwise, investment and support.\nEnabling the pension vehicle to act as trustee in respect of a pension scheme, other than one which requires the investment of any of the funds within the scheme in shares in or deposits with a society of which the pension vehicle which acts as trustee in respect of the scheme is a subsidiary.\nThe group interest provision.\n15.\nAppropriate financial service vehicle\nA type A body corporate (not being one excluded by the particular restrictions for financial service vehicles) formed for the purpose of, or the objects of which include, the carrying on of investment business within the meaning of section 1 (investments and investment business) of the Financial Services Act 1986.\n(1) Where the appropriate financial services vehicle is a one tier organisation, investment and support or support.\n(2) Otherwise, investment and support.\n(1) Enabling the financial service vehicle to carry on relevant investment business.\n(2) Facilitating the provision of investment services by the society or any associated body of the society.\n(1) The standard asset provision.\n(2) The group interest provision.\n16.\nAppropriate life insurance vehicle\nA type A body corporate (not being one excluded by the particular restrictions for life insurance vehicles) formed for the purpose of, or the objects of which include, the carrying on of insurance business of a class specified in Schedule 1 (long term business) to the Insurance Companies Act 1982.\n(1) Where the appropriate life assurance vehicle is a one tier organisation, investment and support or support.\n(2) Otherwise, investment and support.\n(1) Enabling the life insurance vehicle to carry on the business referred to in column 2 of this item (notwithstanding that the lending of money to members of the public on the security of land by loans corresponding to advances secured on land may be carried on in connection with that business).\n(2) Facilitating the provision of insurance services by the society or any associated body of the society.\n(1) The standard asset provision.\n(2) The group interest provision.\n17.\nAppropriate general insurance company\nA company (not being one excluded by the particular restrictions for general insurance companies) the objects of which include the carrying on of insurance business of a class or classes specified in Part I of Schedule 2 (general business) to the Insurance Companies Act 1982.\nInvestment and support.\n(1) Enabling the general insurance company to carry on the business referred to in column 2 of this item (notwithstanding that the lending of money to members of the public on the security of land by loans corresponding to advances secured on land may be carried on in connection with that business).\n(2) Facilitating the provision of insurance services by the society or any associated body of the society.\n(1) The standard asset provision.\n(2) The investment and support limit for general insurance companies.\n18.\nAppropriate estate agency vehicle\nA type B body corporate (not being one excluded by the particular restrictions for estate agency vehicles) formed for the purpose of, or the objects of which include, the carrying on of estate agency work.\nInvestment and support.\n(1) Enabling the vehicle to carry on estate agency work together with other activities so far as those other activities do not extend to activities within the scope of the particular restrictions for estate agency vehicles.\n(2) Facilitating the provision of land services by the society or any associated body of the society.\n(1) The group interest provision.\n(2) The business percentage certification condition for estate agency vehicles.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1985 c. 69."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 1981/156 (N.I. 3)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1986 c. 60; Schedule 1 was amended by S.I. 1988/318, 496 and 803."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "1982 c. 50; Part I of Schedule 2 was amended by S.I. 1987/2130."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/1196/schedule/part/I",
    "retrieved_at": "2026-10-29T16:03:48.838765+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."
}