The Building Societies (Liquid Asset) (Amendment) Regulations 1995

• Citation: S.I. 1995/550
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Building Societies (Liquid Asset) (Amendment) Regulations 1995 and shall come into force on 1st April 1995.

Section 2 Amendment of principal Regulations

The Schedule to the Building Societies (Liquid Asset) Regulations 1991 shall be amended—

(a) by the substitution in paragraph 1 of Part II of the words “paragraph 2(a) or (c) or 3(1)” for the words “paragraphs 2(a) or (c), 3(1)(a)”; and

(b) by the substitution in Part III of the following for paragraph (ii) of the definition of “mortgage backed securities”—

(ii) securities which are guaranteed, in respect of the timely repayment of principal and timely payment of interest, by the Government National Mortgage Association of the United States of America, the Federal National Mortgage Association of the United States of America or the Federal Home Loan Mortgage Corporation of the United States of America;