# The Building Societies (Designation of Qualifying Bodies) Order 1990, Paragraph 1: Meaning of standard asset provision


In this Schedule “the standard asset provision” means a provision to the effect that—
(a) the relevant power is not available to a society which does not for the time being have a qualifying asset holding, but
(b) the cessation of its availability does not require the disposal of any property or rights.

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Source: https://www.legislation.gov.uk/uksi/1990/1434/schedule/part/II/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1990/schedule/part-II/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.