# The Building Societies (Limit on Non-Retail Funds and Deposits) Order 1987, Note: Explanatory note


(This note is not part of the Order)
This Order prescribes 40% in place of 20% as the maximum percentage of a building society’s share and deposit liabilities which may be represented by non-retail funds and deposits. Liabilities in respect of non-retail funds and deposits are described in section 7(4) of the Building Societies Act 1986 as amended by the Building Societies (Non-Retail Funds and Deposits) Order 1987 (S.I. 1987/378) and the Building Societies (Banking Institutions) Order 1987 (S.I. 1987/1670).

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Source: https://www.legislation.gov.uk/uksi/1987/2131/note (the official version)
Page: https://openlegislation.uk/building-societies-limit-on-non-retail-funds-and-deposits-order-1987/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.