# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 63: Qualifying corporate bonds: meaning of permanent interest bearing share

Extent: E+W+S+N.I.

(1) In section 117(11) (meaning of permanent interest bearing share) for paragraph (b) substitute—
“(b) “permanent interest bearing share” means a share which is a permanent interest bearing share within the meaning of, and is eligible for inclusion in the calculation for capital adequacy in accordance with, the Prudential Sourcebook (Building Societies) as that Sourcebook applies in relation to shares issued on the date that the share is issued,
and in paragraph (b) above “the Prudential Sourcebook (Building Societies)” means the Interim Prudential Sourcebook for Building Societies made by the Financial Services Authority under the Financial Services and Markets Act 2000.”.
(2) This Article has effect in relation to shares in a building society issued on or after 1st December 2001.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/63 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-63
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.