# The Building Societies (Liquid Asset) (Amendment) Regulations 1989, Regulation 2: Amendment of previous Regulations


Paragraph 1 of Part II of the Schedule to the Building Societies (Liquid Asset) Regulations 1987 (which provides that an asset, other than cash, which comes within Part I of the Schedule to the Regulations is a liquid asset only where any obligation of the person whose liability that asset represents to make any payment in respect thereof is expressed in sterling) shall cease to have effect.

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Source: https://www.legislation.gov.uk/uksi/1989/1701/regulation/2 (the official version)
Page: https://openlegislation.uk/building-societies-liquid-asset-amendment-regulations-1989/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.