{
  "url": "https://openlegislation.uk/building-societies-money-transmission-services-order-1989/article-6",
  "json_url": "https://openlegislation.uk/building-societies-money-transmission-services-order-1989/article-6.json",
  "legislation": "uksi/1989/730",
  "legislation_title": "The Building Societies (Money Transmission Services) Order 1989",
  "legislation_url": "https://openlegislation.uk/building-societies-money-transmission-services-order-1989",
  "path": "article/6",
  "kind": "article",
  "number": "6",
  "heading": "Class 3 asset limits",
  "text": "The aggregate of money transmission service debts owing to a society shall count in accordance with section 20 (commercial asset structure requirements) of the Act towards the limits applicable to class 3 assets under that section, and in calculating that aggregate–\n(a) where the society has the power conferred by section 34(1) of and item 1 of Part I of Schedule 8 to the Act (power to provide banking services) and the power conferred by this Order, any current overdraft which could be permitted under either of those powers shall be treated as a money transmission service debt;\n(b) where a money transmission service account holder holds other accounts with the society, the value of any shares or deposits in those other accounts shall not be taken into account;\n(c) where the society has money transmission service accounts upon which there is no current indebtedness to the society, the balance of such accounts shall not be taken into account.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1989/730/article/6",
    "retrieved_at": "2026-10-29T15:45:04.120552+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}