{
  "url": "https://openlegislation.uk/building-societies-limits-on-commercial-assets-order-1988/note",
  "json_url": "https://openlegislation.uk/building-societies-limits-on-commercial-assets-order-1988/note.json",
  "legislation": "uksi/1988/1142",
  "legislation_title": "The Building Societies (Limits on Commercial Assets) Order 1988",
  "legislation_url": "https://openlegislation.uk/building-societies-limits-on-commercial-assets-order-1988",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order increases, in three stages, the percentage limit on commercial assets in classes 2 and 3 which a building society may hold. Commercial assets means, in relation to building societies, assets classified as class 1, 2 or 3. Class 1 assets are advances secured on residential property, class 2 assets are generally advances secured on other land, and class 3 assets generally comprise loans, residential land and interests in bodies corporate.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/1142/note",
    "retrieved_at": "2026-10-29T16:04:15.134770+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."
}