{
  "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988",
  "json_url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988.json",
  "id": "uksi/1988/1344",
  "title": "The Building Societies (Prescribed Contracts) Order 1988",
  "short_title": "Building Societies (Prescribed Contracts) 1988",
  "long_title": "This Order prescribes swap contracts, sterling interest rate option contracts, swap option contracts and sterling interest rate forward and futures contracts as types of contract which a building society may enter into under section 23 of the Building Societies Act 1986 for the purpose of reducing the risk of loss.",
  "citation": "S.I. 1988/1344",
  "type": "uksi",
  "year": "1988",
  "number": "1344",
  "version": "current",
  "date": "1988-07-25",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 7,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Prescribed contracts",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/article-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Revocation of previous Orders",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/article-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Transitional provision",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/article-5",
      "extent": null,
      "status": null,
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    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/signature",
      "extent": null,
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    },
    {
      "path": "schedule",
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      "number": null,
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      "extent": null,
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    },
    {
      "path": "schedule/part/I",
      "kind": "part",
      "number": "I",
      "heading": "terms for swap contracts",
      "url": null,
      "extent": null,
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    },
    {
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    },
    {
      "path": "schedule/part/I/paragraph/2",
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      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/schedule/part-I/paragraph-2",
      "extent": null,
      "status": null,
      "parent": "schedule/part/I"
    },
    {
      "path": "schedule/part/II",
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      "number": "II",
      "heading": "terms for sterling interest rate option contracts",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/schedule/part-II",
      "extent": null,
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    {
      "path": "schedule/part/III",
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      "heading": "terms for swap option contracts",
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    {
      "path": "schedule/part/IV",
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      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/schedule/part-IV/paragraph-2",
      "extent": null,
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      "parent": "schedule/part/IV"
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/note",
      "extent": null,
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    }
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      "date": "2023-11-22",
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  "outstanding_effects": [
    {
      "type": "amended",
      "affected_provisions": "art.2(1)",
      "affecting": "uksi/1991/2582",
      "affecting_title": "The Building Societies (Prescribed Contracts) (Amendment) Order 1991",
      "affecting_provisions": null
    },
    {
      "type": "rev in pt",
      "affected_provisions": "art.3(1)",
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      "affecting_title": "The Building Societies (Prescribed Contracts) (Amendment) Order 1991",
      "affecting_provisions": null
    },
    {
      "type": "revoked",
      "affected_provisions": "art.3(2)",
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      "affecting_title": "The Building Societies (Prescribed Contracts) (Amendment) Order 1991",
      "affecting_provisions": null
    },
    {
      "type": "substituted",
      "affected_provisions": "Sch.1, Pt I",
      "affecting": "uksi/1991/2582",
      "affecting_title": "The Building Societies (Prescribed Contracts) (Amendment) Order 1991",
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    },
    {
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      "affected_provisions": "Pt II",
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      "affecting_title": "The Building Societies (Prescribed Contracts) (Amendment) Order 1991",
      "affecting_provisions": null
    },
    {
      "type": "substituted",
      "affected_provisions": "Pt IV",
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      "affecting_title": "The Building Societies (Prescribed Contracts) (Amendment) Order 1991",
      "affecting_provisions": null
    },
    {
      "type": "revoked",
      "affected_provisions": "Instrument",
      "affecting": "uksi/1993/984",
      "affecting_title": "The Building Societies (Prescribed Contracts) Order 1993",
      "affecting_provisions": "art.5"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1986/53",
      "title": "Building Societies Act 1986",
      "url": "https://openlegislation.uk/building-societies-act-1986",
      "provisions": [
        "section/23"
      ]
    }
  ],
  "changes_made_to": 7,
  "changes_made_to_url": "https://openlegislation.uk/building-societies-prescribed-contracts-order-1988/changes.json",
  "changes_made_by": 2,
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/1344",
    "retrieved_at": "2026-10-29T16:01:33.586993+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."
}