OpenLegislation

Article 2 InterpretationI1

United Kingdom

(1)

In this Order—

  • “the 1986 Act” means the Building Societies Act 1986f1;

  • F1...

  • “qualifying institution” means the Treasury, the Bank of England, another central bank of a Member State of the European Economic Area or the European Central Bank;

  • “relevant building society” means any building society which—

    1. (a)

      receives financial assistancef2 from a qualifying institution,

    2. (b)

      has entered into an agreement with a qualifying institution under which it may receive financial assistance from that institution, or

    3. (c)

      has received an offer of such an agreement, or of financial assistance, from a qualifying institution;

  • F2...

(2)

References in this Order to a qualifying institution include—

(a)

any person acting for or on behalf of that qualifying institution;

(b)

any person providing, offering, or entering into an agreement for the provision of, financial assistance to a building society, who does so on the basis of financial assistance that person receives from the qualifying institution in question for that purpose.

Annotations

Textual amendments

F1

Words in art. 2 omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 11 para. 18(2)(a) (with Sch. 12)

F2

Words in art. 2 omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 11 para. 18(2)(b) (with Sch. 12)

Commencement

I1

Art. 2 in force at 7.4.2010, see art. 1(2)

Footnotes

f1

1986 c.53.

f2

See section 257 of the Banking Act 2009.