{
  "url": "https://openlegislation.uk/building-societies-financial-assistance-order-2010/article-5",
  "json_url": "https://openlegislation.uk/building-societies-financial-assistance-order-2010/article-5.json",
  "legislation": "uksi/2010/1188",
  "legislation_title": "The Building Societies (Financial Assistance) Order 2010",
  "legislation_url": "https://openlegislation.uk/building-societies-financial-assistance-order-2010",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "The funding limit",
  "text": "(1) Section 7 of the 1986 Act (the funding limit) applies to a relevant building society with the following modification.\n(2) There shall be disregarded for the purposes of section 7(2) any financial assistance the society receives from a qualifying institution.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 5 in force at 7.4.2010, see art. 1(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 7 was substituted by the Building Societies Act 1997, section 8, and amended by S.I. 2001/2617. Section 7(2) was modified in its application to liabilities of subsidiary undertakings by S.I. 2004/3200; section 7(2) and (3) were modified in their application to eligible debt securities by S.I. 2003/1633, and in their application to the liabilities of EEA subsidiary undertakings by S.I. 2007/860. The Building Societies (Funding) and Mutual Societies (Transfers) Act 2007, section 1(1), inserts section 7(6A) to (6C) and (8A), from a date to be appointed."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2010/1188/article/5",
    "retrieved_at": "2026-10-29T02:43:15.566817+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."
}