{
  "url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/note",
  "json_url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987/note.json",
  "legislation": "uksi/1987/1349",
  "legislation_title": "The Building Societies Investor Protection Scheme (Maximum Protected Investment) Order 1987",
  "legislation_url": "https://openlegislation.uk/building-societies-investor-protection-scheme-maximum-protected-investment-order-1987",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThe 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.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/1349/note",
    "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."
}