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Paragraph 3 Meaning of one tier organisation

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

Sch, Pt II para(ii) amended by Building Societies (Designation of Qualifying Bodies) 1991
Sch, Pt II para(iii) amended by Building Societies (Designation of Qualifying Bodies) 1991
Sch, Pt II para(iv)(v)(vi) revoked by Building Societies (Designation of Qualifying Bodies) 1991
Sch, Pt II para(vii) amended by Building Societies (Designation of Qualifying Bodies) 1991

In this Schedule “one tier organisation” means a body corporate which does not have the capacity to have subordinate organisations.