# The Building Societies (Liquid Asset) Regulations 1987, Paragraph 1


An asset which comes within any paragraph other than paragraph 1 of Part I above 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.

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Source: https://www.legislation.gov.uk/uksi/1987/1499/schedule/1/part/II/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-liquid-asset-regulations-1987/schedule-1/part-II/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.