# The Building Societies (Designation of Qualifying Bodies) Order 1993, Part I: DESCRIPTION OF DESIGNATED BODY CORPORATE


Column 1
Column 2
Column 3
Column 4
Column 5
Specified description
Specified definition
Specified relevant power
Specified purposes
Specified condition
Funding body
A specified type of body corporate (not being one excluded by the particular restrictions for funding bodies), which is a subsidiary of the society, formed for the purposes of, or the objects of which include, any or all of the following activities—
(a) borrowing money and receiving deposits from any person for any of the purposes described in (b), (c), and (d) below, and for the purpose of any activity which is within the powers of the society to carry on;
(b) lending money to the society;
(c) holding funding body assets;
(d) entering into and effecting any contract which conforms to a description, and any terms within that description, prescribed for the time being in an order made under section 23(2) of the Act as if, within that description:
(i) references to “society” were references to “funding body”, and
(ii) references to “participant” were references to a party to such a contract to which the funding body is also a party.
Investment and support.
Enabling the body to carry on any of the activities which are described in paragraphs (a) to (d) in column 2.
The standard asset provision.

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Source: https://www.legislation.gov.uk/uksi/1993/985/schedule/1/part/I (the official version)
Page: https://openlegislation.uk/building-societies-designation-of-qualifying-bodies-order-1993/schedule-1/part-I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.