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1. In Part I of the Schedule (bodies corporate, and descriptions of bodies corporate, designated) there shall be substituted for the item numbered 10A and its related entries an item numbered “10A” comprising the following entries in the columns of that Part—
(a)in column 1 (specified name or description), “Girobank plc”,
(b)in column 2 (specified registration number or definition), “1950000”,
(c)in column 3 (specified relevant power), “Investment and support or support.”,
(d)in column 4 (specified purposes (if any)), “The specified purposes in relation to Girobank plc.”,
(e)in column 5 (specified limits and conditions (if any)), 9
“(1) The standard asset provision.
(2) The condition for investment in Girobank plc.
(3) The mortgage business certification condition for appropriate mortgage companies modified so as to have effect—
(a)as if Girobank plc were an appropriate mortgage company; and,
(b)as if paragraphs 6A(2)(b) and (c) of Part II of this Schedule did not apply—
(i)to the making of any loan which a building society which holds shares in Girobank plc at the time when the loan is made would have power to make otherwise than as an advance secured on land; or,
(ii)to the making of any loan which, by virtue of paragraph 8(2)(b) of Part II of the Schedule, would not constitute an activity of Girobank plc falling within the range of activities from which a society is restricted.”
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