{
  "url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992/regulation-5",
  "json_url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992/regulation-5.json",
  "legislation": "uksi/1992/10",
  "legislation_title": "The Income Tax (Building Societies) (Audit Powers) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Excluded investment",
  "text": "An investment held with a building society is an excluded investment if—\n(a) having regard to regulation 11(1) to (4) of the Building Societies Regulations, it falls within any of the descriptions in regulation 4(1)(a), (b) and (c) of those Regulations, and\n(b) the building society is approved by the Board for the purposes of these Regulations under regulation 6.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 11 was amended by regulation 9 of S.I. 1992/11."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/10/regulation/5",
    "retrieved_at": "2026-10-29T14:31:24.830888+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."
}