{
  "url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987",
  "json_url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987.json",
  "id": "uksi/1987/1349",
  "title": "The Building Societies Investor Protection Scheme (Maximum Protected Investment) Order 1987",
  "short_title": "Building Societies Investor Protection Scheme (Maximum Protected Investment) 1987",
  "long_title": "The investor protection scheme provided for in the Building Societies Act 1986 gives those who have invested money in a building society which has become insolvent the right to receive a payment from a fund to which all authorised building societies are required to contribute. The amount to which each investor is entitled under the scheme is a proportion (normally 90 per cent) of his protected investment. Subsection (5) of section 27 of the 1986 Act provides that an investor’s protected investment in a society is the total liability of the society to him which is referable to sums deposited with the society or to shares in the society, subject to a specified maximum. This Order amends that subsection so as to increase the maximum from £10,000 to £20,000.",
  "citation": "S.I. 1987/1349",
  "type": "uksi",
  "year": "1987",
  "number": "1349",
  "version": "current",
  "date": "1987-07-23",
  "revised": false,
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      "kind": "introduction",
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      "heading": "Introductory text",
      "url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Amendment of section 27(5) of the Building Societies Act 1986",
      "url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
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      "heading": "Signature",
      "url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/note",
      "extent": null,
      "status": null,
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    }
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      "language": null,
      "date": "2023-11-22",
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      "url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/pdf/uksi_19871349_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/1987/1349/pdfs/uksi_19871349_en.pdf"
    }
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  "outstanding_effects": [],
  "made_under": [
    {
      "id": "ukpga/1986/53",
      "title": "Building Societies Act 1986",
      "url": "https://openlegislation.uk/building-societies-act-1986",
      "provisions": [
        "section/27"
      ]
    }
  ],
  "changes_made_to": 0,
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  "instruments_made_under_url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/1349",
    "retrieved_at": "2026-10-29T16:22:39.458232+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."
}