{
  "url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1991/schedule/paragraph-5",
  "json_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1991/schedule/paragraph-5.json",
  "legislation": "uksi/1991/357",
  "legislation_title": "The Building Societies (Designation of Qualifying Bodies) Order 1991.",
  "legislation_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1991",
  "path": "schedule/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Meaning of “relevant holding”",
  "text": "A “relevant holding” for purposes of paragraphs 3 and 4 means:\n(a) in the case of a company limited by shares sufficient shares to result in the society having direct ownership or direct and indirect ownership (determined as specified in the definition of “subordinate organisation” in paragraph 7 below) of 2% or more of the issued ordinary share capital (as defined within the definition of “subordinate organisation” in paragraph 7 below) of the company; or\n(b) in the case of any other body corporate, 2% or more of the issued shares or corresponding membership rights in the body corporate.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/357/schedule/paragraph/5",
    "retrieved_at": "2026-10-29T14:50:46.054566+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."
}