# The Building Societies (Designation of Qualifying Bodies) Order 1992, Paragraph 6: Specification of particular restrictions for appropriate lending vehicles


(1) In this Schedule “the particular restrictions for appropriate lending vehicles” means the provisions set out in sub-paragraph (2) below.
(2) A body corporate is not an appropriate lending vehicle for a society where—
(a) it is a market maker,
(b) it is an authorised institution, or its business requires it to be authorised, for the purposes of the Banking Act 1987, or
(c) its business includes activities in the range from which the society is restricted.
(3) The restriction in sub-paragraph (2) will not apply where there is no relevant holding of the society in the appropriate vehicle.

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Source: https://www.legislation.gov.uk/uksi/1992/649/schedule/paragraph/6 (the official version)
Page: https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1992/schedule/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.