Paragraph 1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. Pt I. paras 2(a)(c). 3(1)(b)(c) amended by Building Societies (Liquid Asset) 1992 reg.2(a)(b)
Sch, Pt I. para 9 added by Building Societies (Liquid Asset) 1992 reg.2(c)
Sch, Pt II amended by Building Societies (Liquid Asset) 1992 reg.3
Sch. Pt III (defn. of clearing agent) added by Building Societies (Liquid Asset) 1992 reg.4(1)
Sch, Pt III (defn of depository) added by Building Societies (Liquid Asset) 1992 reg.4(2)
Sch. Pt III (defn of EFTA State) added by Building Societies (Liquid Asset) 1992 reg.4(2)
Sch. Pt III (defn of mortgage backed securities) amended by Building Societies (Liquid Asset) 1992 reg.4(3)
Sch, Pt III (defn of rights to any securities) added by Building Societies (Liquid Asset) 1992 reg.4(4)
Sch., Pt.III (defn. of stock iending right) added by Building Societies (Liquid Asset) 1995 reg.3(c)
Sch., Pt.II, para.1 amended by Building Societies (Liquid Asset) 1995 reg.2(a)
Sch., Pt.III (defn. of mortgage backed securities) para.(ii) substituted by Building Societies (Liquid Asset) 1995 reg.2(b)
Sch. Pt. 3 words substituted by Bank of England Act 1998 (Consequential Amendments of Subordinate Legislation) 1998 Sch. 1 para. 12(a)
Sch. Pt. 3 words substituted by Bank of England Act 1998 (Consequential Amendments of Subordinate Legislation) 1998 Sch. 1 para. 12(b)

A deposit which comes within paragraph 2(d) or (e) or a stock lending right which comes within paragraph 8 of Part I is a liquid asset only where it is secured by the transfer to the society of liquid assets which come within paragraphs 2(a) or (c), 3(1)(a) of that Part.