# The Building Societies (Liquid Asset) Regulations 1991, Regulation 3: Prescription of liquid assets


(1) Each description of assets which—
(a) comes within a provision of Part I of the Schedule hereto, and
(b) where a provision of Part 11 of the Schedule hereto applies to it, conforms with the requirements of that provision,
is prescribed as a description of liquid assets.
(2) The definitions in Part III of the Schedule hereto have effect in respect of the interpretation of that Schedule.

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Source: https://www.legislation.gov.uk/uksi/1991/2580/regulation/3 (the official version)
Page: https://openlegislation.uk/building-societies-liquid-asset-regulations-1991/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.