# The Building Societies (Member States) Order 1992, Paragraph 2


The specified security may only be taken for a specified advance under section 14 of the Act where the advance is classifiable as a class 1 advance under paragraph 3 below or a class 2 advance under paragraph 4 below.

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Source: https://www.legislation.gov.uk/uksi/1992/1547/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/building-societies-member-states-order-1992/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.