{
  "url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994",
  "json_url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994.json",
  "id": "uksi/1994/749",
  "title": "The Building Societies (Undated Subordinated Debt) Order 1994",
  "short_title": "Building Societies (Undated Subordinated Debt) 1994",
  "long_title": "This Order is made under section 45(5) of the Building Societies Act 1986 which permits the Building Societies Commission with the consent of the Treasury to specify descriptions of capital resources which may be aggregated with reserves for the purpose of the first criterion of prudent management (maintenance of adequate reserves and other designated capital resources) in section 45(3) of the Act.",
  "citation": "S.I. 1994/749",
  "type": "uksi",
  "year": "1994",
  "number": "749",
  "version": "current",
  "date": "1994-03-11",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 3,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
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      "heading": "Introductory text",
      "url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/introduction",
      "extent": null,
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      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/article-1",
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    },
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      "heading": "Interpretation",
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    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Capital resources which may be aggregated with reserves",
      "url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/article-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Shares not to be written down",
      "url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/article-4",
      "extent": null,
      "status": null,
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    },
    {
      "path": "article/5",
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      "number": "5",
      "heading": "Effect of supervisory authority’s consent to repayment",
      "url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/article-5",
      "extent": null,
      "status": null,
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    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Amendment of the Building Societies (Designated Capital Resources) (Permanent Interest Bearing Shares) Order 1991",
      "url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/article-6",
      "extent": null,
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    },
    {
      "path": "signature",
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      "url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/signature",
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    },
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      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "THE PRESCRIBED TERMS FOR QUALIFYING SUBORDINATED DEBT",
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    },
    {
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      "heading": "THE DISQUALIFYING TERMS FOR QUALIFYING SUBORDINATED DEBT",
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    }
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  "outstanding_effects": [
    {
      "type": "words substituted",
      "affected_provisions": "art. 2",
      "affecting": "uksi/1998/1129",
      "affecting_title": "The Bank of England Act 1998 (Consequential Amendments of Subordinate Legislation) Order 1998",
      "affecting_provisions": "Sch. 1 para. 15(a)"
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  "made_under": [
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      "id": "ukpga/1986/53",
      "title": "Building Societies Act 1986",
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  "changes_made_to": 3,
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  "instruments_made_under_url": "https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/749",
    "retrieved_at": "2026-10-29T13:36:58.436757+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."
}