{
  "url": "https://openlegislation.uk/tax-exempt-special-savings-account-regulations-1990/regulation-11",
  "json_url": "https://openlegislation.uk/tax-exempt-special-savings-account-regulations-1990/regulation-11.json",
  "legislation": "uksi/1990/2361",
  "legislation_title": "The Tax-exempt Special Savings Account Regulations 1990",
  "legislation_url": "https://openlegislation.uk/tax-exempt-special-savings-account-regulations-1990",
  "path": "regulation/11",
  "kind": "regulation",
  "number": "11",
  "heading": "Society or institution ceasing to be entitled to operate accounts",
  "text": "A society or institution shall cease to be entitled to operate accounts and shall notify the Board forthwith of that fact where–\n(a) it ceases to be a building society or, as the case may be, to be authorised under the Banking Act 1987; or\n(b) its directors have made a proposal under Part I of the Insolvency Act 1986 for a composition in satisfaction of its debts or a scheme of arrangement of its affairs; or\n(c) an administration order is made in relation to it; or\n(d) a receiver or manager of its property has been appointed; or\n(e) a resolution has been passed or a petition has been presented to wind it up.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1987 c. 22."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1986 c. 45."
    }
  ],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001"
    },
    {
      "type": "word inserted",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001"
    },
    {
      "type": "word inserted",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001"
    },
    {
      "type": "amended",
      "affecting": "uksi/1995/3239",
      "affecting_title": "The Tax-exempt Special Savings Account (Relevant European Institutions) Regulations 1995"
    },
    {
      "type": "added",
      "affecting": "uksi/1995/3239",
      "affecting_title": "The Tax-exempt Special Savings Account (Relevant European Institutions) Regulations 1995"
    },
    {
      "type": "amended",
      "affecting": "uksi/1996/844",
      "affecting_title": "The Tax-exempt Special Savings Account (Amendment) Regulations 1996"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2003/2096",
      "affecting_title": "The Enterprise Act 2002 (Insolvency) Order 2003"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/2361/regulation/11",
    "retrieved_at": "2026-10-29T14:56:50.304367+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."
}