# The Building Societies (Designation of Qualifying Bodies) Order 1991., Part I: DESCRIPTIONS OF BODIES CORPORATE DESIGNATED


Column 1
Column 2
Column 3
Column 4
Column 5
Item
Specified description
Specified definition
Specified relevant power
Specified purposes
Specified limits and conditions
1.
Appropriate payments services vehicle
A body corporate (not being one excluded by the particular restrictions for payments services vehicles) formed for the purpose of, or the objects of which include the carrying on of banking services including money transmission services.
Investment and support, or support.
(1) Facilitating the provision of banking services by the society or any associated body of the society.
(2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.
(1) The standard asset provision for the purposes of item (2) in column 4
(2) The group interest provision.

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Source: https://www.legislation.gov.uk/uksi/1991/357/schedule/part/I (the official version)
Page: https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1991/schedule/part-I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.