{
  "url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995",
  "json_url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995.json",
  "id": "uksi/1995/1872",
  "title": "The Building Societies (Limits on Transactions with Directors) Order 1995",
  "short_title": "Building Societies (Limits on Transactions with Directors) 1995",
  "long_title": "Section 64(1) of the Building Societies Act 1986 prohibits a building society from entering into arrangements whereby a director or a person connected with him acquires non-cash assets of the requisite value from the society, or whereby the society acquires non-cash assets of the requisite value from a director or connected person unless in either case the arrangement is approved by a resolution passed in a general meeting. Section 64(2) fixes the requisite value for that purpose at £50,000, or in the case of societies with reserves less than £500,000, ten per cent. of these reserves, or £1,000, whichever be the higher. Section 64(3) enables the Building Societies Commission, by order made with Treasury consent, to vary these amounts. This Order increases the figure for the maximum requisite value from £50,000 to £100,000.",
  "citation": "S.I. 1995/1872",
  "type": "uksi",
  "year": "1995",
  "number": "1872",
  "version": "current",
  "date": "1995-07-17",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and Commencement",
      "url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Limit on transactions with directors",
      "url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Limit on certain loans etc to directors",
      "url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/article-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule",
      "kind": "schedule",
      "number": null,
      "heading": "Table of substituted sums",
      "url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/schedule",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [],
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  "made_under": [
    {
      "id": "ukpga/1986/53",
      "title": "Building Societies Act 1986",
      "url": "https://openlegislation.uk/building-societies-act-1986",
      "provisions": [
        "section/64",
        "section/65"
      ]
    }
  ],
  "changes_made_to": 0,
  "changes_made_to_url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/changes.json",
  "changes_made_by": 0,
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  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/building-societies-limits-on-transactions-with-directors-order-1995/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/1872",
    "retrieved_at": "2026-10-29T13:05:42.516091+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."
}