# The Building Societies (Undated Subordinated Debt) Order 1994, Article 6: Amendment of the Building Societies (Designated Capital Resources) (Permanent Interest Bearing Shares) Order 1991


The Building Societies (Designated Capital Resources) (Permanent Interest Bearing Shares) Order 1991 shall have effect except in relation to any permanent interest bearing shares issued by a society prior to the date on which this order comes into force as if, in the definition of “subordinated debt” in article 2(1) thereof the words “within a period not less than five years from the date of the transfer” were omitted.

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Source: https://www.legislation.gov.uk/uksi/1994/749/article/6 (the official version)
Page: https://openlegislation.uk/building-societies-undated-subordinated-debt-order-1994/article-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.