http://www.legislation.gov.uk/uksi/1987/378/article/1/made
The Building Societies (Non-Retail Funds and Deposits) Order 1987
Building societies
Pensions
Personal pensions
King's Printer of Acts of Parliament
2013-07-03
BUILDING SOCIETIES
This Order amends section 7 of the Building Societies Act 1986 which empowers a building society to raise funds and borrow money and places a limit on non-retail funds and borrowing. This Order changes the coverage of that limited category in three respects:it specifies the circumstances in which shares held or sums deposited by a body corporate in which individuals hold the beneficial interest are excluded from the category;subject to (a), it includes all sums deposited by banking institutions within the category, notwithstanding any election by a society generally to treat balances of £50,000 or less as outside it; andit widens the range of transferable instruments within the category, by including instruments which are freely transferable by means other than delivery.
Citation and commencement1
This Order may be cited as the Building Societies (Non-Retail Funds and Deposits) Order 1987 and shall come into force on 1st April 1987.