Section 1Citation and commencement
This Order may be cited as the Building Societies (Non-Retail Funds and Deposits) (Limit on Election) Order 1995 and shall come into force on 1st September 1995.
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Statutory Instrument
The Building Societies (Non-Retail Funds and Deposits) (Limit on Election) Order 1995
Section 2Limit on liabilities in respect of non-retail funds and deposits
For the purposes of section 7(6) of the Building Societies Act 1986 (which prescribes a limit on the amount of a society’s liabilities to any person which may be disregarded pursuant to an election by the society not to count certain funds or deposits towards the limit on non-retail funds and deposits), for £50,000 as the prescribed amount there shall be substituted £100,000.
2 sections
Cite this legislation
The Building Societies (Non-Retail Funds and Deposits) (Limit on Election) Order 1995 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-1995-1873
Contains public sector information licensed under the Open Government Licence v3.0.
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