{
  "url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1993/schedule-1/paragraph-2",
  "json_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1993/schedule-1/paragraph-2.json",
  "legislation": "uksi/1993/985",
  "legislation_title": "The Building Societies (Designation of Qualifying Bodies) Order 1993",
  "legislation_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1993",
  "path": "schedule/1/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Meaning of standard asset provision",
  "text": "In this Schedule “the standard asset provision” means a condition to the effect that—\n(a) the relevant power is not available to a society which does not for the time being have a qualifying asset holding, but\n(b) the cessation of its availability does not require the disposal of any property or rights.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "rev in pt",
      "affecting": "uksi/1993/2706",
      "affecting_title": "The Building Societies (Designation of Qualifying Bodies) (No. 3) Order 1993"
    },
    {
      "type": "amended",
      "affecting": "uksi/1994/2457",
      "affecting_title": "The Building Societies (Designation of Qualifying Bodies) (Amendment) Order 1994"
    },
    {
      "type": "added",
      "affecting": "uksi/1995/1188",
      "affecting_title": "The Building Societies (Designation of Qualifying Bodies) Order 1995"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1993/985/schedule/1/paragraph/2",
    "retrieved_at": "2026-10-29T13:58:40.720333+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."
}