The Building Societies (Liquid Asset) (Amendment) Regulations 1989

• Citation: S.I. 1989/1701
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Building Societies (Liquid Asset) (Amendment) Regulations 1989 and shall come into force on 1st November 1989.

Section 2 Amendment of previous Regulations

Paragraph 1 of Part II of the Schedule to the Building Societies (Liquid Asset) Regulations 1987 (which provides that an asset, other than cash, which comes within Part I of the Schedule to the Regulations is a liquid asset only where any obligation of the person whose liability that asset represents to make any payment in respect thereof is expressed in sterling) shall cease to have effect.