# The Building Societies (Liquid Asset) Regulations 1991, Paragraph 3


Securities—
(1) (a) issued or guaranteed by the government of a state mentioned in paragraph 2(a),
(b) issued, guaranteed or, in the case of bills of exchange, accepted by credit institutions authorised by the competent authorities of any member State of the European Community,
(c) issued by international organisations the capital of which is subscribed in whole or part by any member State of the European Community,
(d) issued by any relevant authority, or
(2) in the form of commercial paper issued or guaranteed by
(a) companies of the types to which Directive 78/660/EEC as amended by the Acts of Accession of Greece and of Spain and Portugal applies, or
(b) by public companies incorporated in Canada, Japan, Sweden, Switzerland and the United States of America,
provided that any guarantee is unconditional in respect of the payment of both principal of and interest on these securities.

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