{
  "url": "https://openlegislation.uk/building-societies-supplementary-capital-order-1988/schedule/part-III/paragraph-2",
  "json_url": "https://openlegislation.uk/building-societies-supplementary-capital-order-1988/schedule/part-III/paragraph-2.json",
  "legislation": "uksi/1988/777",
  "legislation_title": "The Building Societies (Supplementary Capital) Order 1988",
  "legislation_url": "https://openlegislation.uk/building-societies-supplementary-capital-order-1988",
  "path": "schedule/part/III/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Calculation of principal amount advanced",
  "text": "In calculating for the purposes of this Schedule the principal amount of any subordinated debt advanced, any deduction of the incidental costs of obtaining finance (within the meaning of section 77 (incidental costs of obtaining loan finance) of the Income and Corporation Taxes Act 1988) relating to the advance of that subordinated debt shall be disregarded.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1988 c. 1."
    }
  ],
  "outstanding_effects": [
    {
      "type": "modified",
      "affecting": "uksi/1992/3218",
      "affecting_title": "The Banking Coordination (Second Council Directive) Regulations 1992 (revoked)"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/777/schedule/part/III/paragraph/2",
    "retrieved_at": "2026-10-29T16:07:21.455536+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."
}