OpenLegislation

The Housing Corporation (Recognised Bodies for Heritable Securities Indemnities) (Scotland) Order 1987

S.I. 1987/1389 · Made 30 July 1987

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

HOUSING, SCOTLAND

Made 30th July 1987

Coming into force 13th August 1987

The Secretary of State, in exercise of the powers conferred on him by section 86(6) of the Housing Associations Act 1985f1, and of all other powers enabling him in that behalf, and with the consent of Treasury, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1985 c. 69; section 86 was amended by the Housing (Scotland) Act 1986 (c. 65), Schedule 2, paragraph 4(6).

Contents

  1. 1Article 1
  2. 2Article 2
  3. 3Article 3
  4. Signature
  5. Schedule 1: BODIES DESIGNATED FOR THE PURPOSES OF SECTION 86 OF THE HOUSING ASSOCIATIONS ACT 1985
  6. 1Paragraph 1
  7. 2Paragraph 2
  8. Schedule 2: CLASSES OR DESCRIPTIONS OF BODIES DESIGNATED FOR THE PURPOSES OF SECTION 86 OF THE HOUSING ASSOCIATIONS ACT 1985
  9. 1Paragraph 1
  10. 2Paragraph 2
  11. 3Paragraph 3
  12. Explanatory note

1

This Order may be cited as the Housing Corporation (Recognised Bodies for Heritable Securities Indemnities) (Scotland) Order 1987 and shall come into force on 13th August 1987.

2

The bodies set out in Schedule 1 to this Order are hereby designated for the purposes of section 86 of the Housing Associations Act 1985.

3

The classes or descriptions of bodies set out in Schedule 2 to this Order are hereby designated for the purposes of section 86 of the Housing Associations Act 1985.

Signature

James Douglas-Hamilton

Parliamentary Under Secretary of State,Scottish Office

New St. Andrew’s House,

Edinburgh

23rd July 1987

1

The Bank of England.

2

The Post Office.

1

Insurance companies to which Part II of the Insurance Companies Act 1982f1 applies.

2

Recognised banks and licensed institutions within the meaning of the Banking Act 1979f1 or authorised institutions under the Banking Act 1987f2.

3

Friendly societies and branches thereof which are registered within the meaning of the Friendly Societies Act 1974f1.

Explanatory note

(This note is not part of the Order)

This Order designates 2 bodies and 3 classes or descriptions of bodies for the purposes of section 86 of The Housing Associations Act 1985. The bodies designated and any bodies belonging to the classes or descriptions designated become recognised bodies for the purposes of that section. Section 86, as amended by paragraph 4(6) of Schedule 2 to the Housing (Scotland) Act 1986, provides that the Housing Corporation may, with the approval of the Secretary of State, enter into agreements with building societies and recognised bodies providing for indemnities where such societies and bodies grant loans secured by way of heritable securities.