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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations add a description of assets to Part I of the Schedule to the Building Societies (Liquid Asset) Regulations 1991 namely rights to securities against any depository or clearing agent, and extend the description of assets which may be held by societies so as to include deposits with central banks and credit institutions of states which are members of the European Free Trade Association.