# Housing Act 1985, Section 448: Recognised savings institutions.

Extent: E+W

(1) The savings institutions recognised for the purposes of section 446 (qualifying conditions as to savings) are—
an authorised deposit taker
. . .
local authorities
. . .
. . .
friendly societies, and
the Director of Savings, . . .
. . .
Swansea Building Society
and savings institutions recognised for the purposes of the corresponding provisions in force in Scotland or Northern Ireland.
(2) The Secretary of State may by order made with the consent of the Treasury—
(a) add to the list in subsection (1), or
(b) direct that a named body shall no longer be a recognised savings institution;
but before making an order under paragraph (b) he shall give an opportunity for representations to be made on behalf of the body concerned.
(3) An order shall be made by statutory instrument.

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Source: https://www.legislation.gov.uk/ukpga/1985/68/section/448 (the official version)
Page: https://openlegislation.uk/housing-act-1985/section-448
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.