# The Building Societies (Liquid Asset) Regulations 1991, Paragraph 4


For the purpose of paragraphs 2(c) and 3(1)(b) of Part 1, a credit institution is authorised by the competent authorities of any member State of the European Community only if such authorisation is within the ambit of Directive 77/780/EEC.

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Source: https://www.legislation.gov.uk/uksi/1991/2580/schedule/part/II/paragraph/4 (the official version)
Page: https://openlegislation.uk/building-societies-liquid-asset-regulations-1991/schedule/part-II/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.