{
  "url": "https://openlegislation.uk/building-societies-designation-of-relevant-estate-agencies-order-1988/article-2",
  "json_url": "https://openlegislation.uk/building-societies-designation-of-relevant-estate-agencies-order-1988/article-2.json",
  "legislation": "uksi/1988/23",
  "legislation_title": "The Building Societies (Designation of Relevant Estate Agencies) Order 1988",
  "legislation_url": "https://openlegislation.uk/building-societies-designation-of-relevant-estate-agencies-order-1988",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Designation of relevant estate agencies",
  "text": "(1) Subject to paragraph (2) below, a body corporate which is a relevant estate agency is designated for the purposes of section 18 of the Building Societies Act 1986 (power to invest in associated bodies) as a body corporate suitable for investment and support by a building society.\n(2) The power to invest in and support a body corporate which is a relevant estate agency is not available to a building society except where that body corporate is, or by virtue of that investment becomes, a subsidiary of that building society.\n(3) For the purposes of this article a body corporate is a relevant estate agency if—\n(a) it does not come within section 18(2)(a) or (b) of the Building Societies Act 1986, but\n(b) subject to that, it is a body corporate (formed in a relevant British overseas territory) as regards which, and the business of which, the conditions set out in paragraph 12 of Part III (restrictions in relation to certain services) of Schedule 8 to the Building Societies Act 1986 are fulfilled.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/23/article/2",
    "retrieved_at": "2026-10-29T16:13:30.469820+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."
}