{
  "url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1993/schedule-1/paragraph-4",
  "json_url": "https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1993/schedule-1/paragraph-4.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/4",
  "kind": "paragraph",
  "number": "4",
  "heading": "Specification of particular restrictions for funding bodies",
  "text": "(1) In this Schedule “the particular restrictions for funding bodies” means the provisions set out in sub-paragraph (2) below.\n(2) A body corporate is not a funding body for a society where—\n(a) it is a market maker,\n(b) it is an authorised institution, or its business requires it to be authorised, for the purposes of the Banking Act 1987 or it otherwise carries on a deposit taking business in the United Kingdom within the meaning of section 6 of the Banking Act 1987,\n(c) its business includes activities in the range from which the society is restricted within the meaning of paragraph 5 below, or\n(d) it owns 5% or more of shares or corresponding membership rights in another body corporate which the society does not have power to invest in and support or support.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1987 c. 22."
    }
  ],
  "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/4",
    "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."
}