# The Building Societies (Restricted Transactions) (Amendment to the Limit on the Trade in Currencies) Order 2017, Note: Explanatory note


(This note is not part of the Order)
Section 9A(3)(a) of the Building Societies Act 1986 (c.53) prohibits a building society, or a subsidiary undertaking of a building society, from trading in currencies where the amount or value of the consideration given by the society or undertaking exceeds £100,000. This Order increases that amount or value to £3 million.
A full impact assessment has not been produced for this instrument as no significant impact on the private or voluntary sector is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2017/1307/note (the official version)
Page: https://openlegislation.uk/building-societies-restricted-transactions-amendment-to-the-limit-on-the-trade-in-currencies-order-2017/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.