{
  "url": "https://openlegislation.uk/draft-building-societies-financial-assistance-order-2010/article-2",
  "json_url": "https://openlegislation.uk/draft-building-societies-financial-assistance-order-2010/article-2.json",
  "legislation": "ukdsi/2010/9780111494196",
  "legislation_title": "The Building Societies (Financial Assistance) Order 2010",
  "legislation_url": "https://openlegislation.uk/draft-building-societies-financial-assistance-order-2010",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In this Order—\n“the 1986 Act” means the Building Societies Act 1986;\n“the Authority” means the Financial Services Authority;\n“qualifying institution” means the Treasury, the Bank of England, another central bank of a Member State of the European Economic Area or the European Central Bank;\n“relevant building society” means any building society which—\n(a) receives financial assistance from a qualifying institution,\n(b) has entered into an agreement with a qualifying institution under which it may receive financial assistance from that institution, or\n(c) has received an offer of such an agreement, or of financial assistance, from a qualifying institution;\n“section 1(1)(a) function” means the function of the Authority set out in section 1(1)(a) of the 1986 Act (functions of the Authority).\n(2) References in this Order to a qualifying institution include—\n(a) any person acting for or on behalf of that qualifying institution;\n(b) any person providing, offering, or entering into an agreement for the provision of, financial assistance to a building society, who does so on the basis of financial assistance that person receives from the qualifying institution in question for that purpose.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c.53."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "See section 1 of the Financial Services and Markets Act 2000 (c.8)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "See section 257 of the Banking Act 2009."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Section 1 was substituted by S.I. 2001/2617."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2010/9780111494196/article/2",
    "retrieved_at": "2026-10-30T14:55:16.747574+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."
}