# The Building Societies (Designation of Qualifying Bodies) Order 1990, Paragraph 9: Meaning of candidate


For the purposes of this Schedule—
(a) a body corporate is “a candidate for authorisation” in respect of the carrying on of any 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, and
(b) a scheme is “a candidate for approval” under or for the purposes of any enactment if it has been prepared with a view to obtaining approval under or, as the case may be, for the purposes of that enactment and steps are being taken towards obtaining that approval.

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Source: https://www.legislation.gov.uk/uksi/1990/1434/schedule/paragraph/9 (the official version)
Page: https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1990/schedule/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.