The Building Societies (Designation of Qualifying Bodies) Order 1990

Articles 2 and 3

PART1 BODIES CORPORATE, AND DESCRIPTIONS OF BODIES CORPORATE, DESIGNATED

Item	1	2	3	4	5
	Specified name or description	Specific registration number or definition	Specified relevant power	Specified purposes (if any)	Specified limits and conditions (if any)
1.	Electronic Funds Transfer Limited	1762109	Investment and support, or support.	—	—
2.	Funds Transfer Sharing Limited	1850222	Investment and support, or support.	—	—
3.	LINK Interchange Network Limited	2012106	Investment and support, or support.	—	—
4.	APACS (Administration) Limited	1935025	Investment and support, or support.	Facilitating the provision of banking services by the society or any associated body of the society.	—
5.	BACS Ltd	1023742	Investment and support, or support.	Facilitating the provision of banking services by the society or any associated body of the society.	—
6.	CHAPS and Town Clearing Company Limited	1962902	Investment and support, or support.	Facilitating the provision of banking services by the society or any associated body of the society.	—
6A.	S.W.I.F.T. (U.K.) Limited	1249842	Investment and support, or support.	Facilitating the provision of banking services by the society or any associated body of the society.
6B.	Switch Card Services Limited	2182853	Investment and support, or support.	(1) Facilitating the provision of banking services by the society or any associated body of the society. (2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.	The standard asset provision.
6C.	Eurocard International S.A.	Registered in Belgium, RCB number 333262	Investment and support, or support.	(1) Facilitating the provision of banking services by the society or any associated body of the society. (2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.	The standard asset provision.
6D.	MasterCard International Incorporated	Registered in the State of Delaware, United States of America	Investment and support, or support.	(1) Facilitating the provision of banking services by the society or any associated body of the society. (2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.	The standard asset provision.
6E.	Society for Worldwide Interbank Financial Telecommunications SC (also known as “S.W.I.F.T SC”)	Registered in Belgium, Formule I/B 51367	Investment and support, or support.	Facilitating the provision of banking services by the society or any associated body of the society.	—
6F.	County Court Users Association	A company having as its principal purpose the representation of the interests of all persons who regularly issue proceedings out of the County Courts in England and Wales	Investment and support, or support.	Facilitating the representation of the society’s interest, as a person regularly issuing proceedings out of the County Courts in England and Wales, in improving the service to the society of such courts including the making of representations as to court procedures and changes in the law in relation thereto which affect the society.	—
7.	Cheque and Credit Clearing Company Limited	1962903	Investment and support, or support.	Facilitating the provision of banking services by the society or any associated body of the society.	—
8.	EftPos UK Limited	1952127	Investment and support, or support.	(1) Facilitating the provision of banking services by the society or any associated body of the society. (2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.	The standard asset provision, except in the case of the purpose specified in paragraph (1) in column 4 of this item.
9.	The Joint Credit Card Company Limited	1001425	Investment and support, or support.	(1) Facilitating the provision of banking services by the society or any associated body of the society. (2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.	The standard asset provision.
10.	Visa International Service Association	FC9816	Investment and support, or support.	(1) Facilitating the provision of banking services by the society or any associated body of the society. (2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.	The standard asset provision.
10A.	Girobank plc	1950000	Investment and support, or support.	The specified purposes in relation to Girobank plc.	(1) The standard asset provision. (2) The condition for investment in Girobank plc. (a) as if Girobank plc were an appropriate mortgage company and, (b) as if paragraphs 6A(2)(b) and (c) of Part II of the 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.
11.	European lending company	A company with the objects of carrying on in a member state other than the United Kingdom business which consist wholly or mainly in lending money on the security of land but do not (where that is not the whole business) include lending on land in the United Kingdom.	Investment and support.	Enabling the company to carry on the businesses referred to in (and not excluded by) column 2 of this item.	(1) The standard asset provision. (2) The group interest provision.
12.	Housing Association	A body corporate within the meaning of “housing association” in section 1 of the Housing Associations Act 1985(1) or article 114 of the Housing (Northern Ireland) Order 1981(2).	(1) Where the housing association is a one tier organisation, investment and support or support. (2) Otherwise, investment and support.	—	(1) The standard asset provision. (2) The group interest provision.
13.	Housing trust	A body corporate within the meaning of “housing trust” in section 2 of the Housing Associations Act 1985 or article 114 of the Housing (Northern Ireland) Order 1981.	(1) Where the housing trust is a one tier organisation, investment and support or support. (2) Otherwise, investment and support.	—	(1) The standard asset provision. (2) The group interest provision.
14.	Pension vehicle	A type A body corporate formed for the purpose of, or the objects of which include, the carrying on of the business of acting as trustee in respect of pension schemes or descriptions of them.	(1) Where the pension vehicle is a one tier organisation, investment and support or support. (2) Otherwise, investment and support.	Enabling the pension vehicle to act as trustee in respect of a pension scheme, other than one which requires the investment of any of the funds within the scheme in shares in or deposits with a society of which the pension vehicle which acts as trustee in respect of the scheme is a subsidiary.	The group interest provision.
15.	Appropriate financial service vehicle	A type a body corporate (not being one excluded by the particular restrictions for financial service vehicles) formed for the purpose of, or the objects of which include, the carrying on of investment business within the meaning of section 1 (investments and investment business) of the Financial Services Act 1986(3).	(1) Where the appropriate financial services vehicle is a one tier organisation, investment and support or support. (2) Otherwise, investment and support.	(1) Enabling the financial service vehicle to carry on relevant investment business. (2) Facilitating the provision of investment services by the society or any associated body of the society.	(1) The standard asset provision. (2) The group interest provision.
16.	Appropriate life insurance vehicle	A type a body corporate (not being one excluded, by the particular restrictions for life insurance vehicles) formed for the purpose of, or the objects of which include, the carrying on of insurance business of a class specified in Schedule 1 (long term business) to the Insurance Companies Act 1982(4).	(1) Where the appropriate life insurance vehicle is a one tier organisation, investment and support or support. (2) Otherwise, investment ad support.	(1) Enabling the life insurance vehicle to carry on the business referred to in column 2 of this item (notwithstanding that the lending of money to members of the public on the security of land by loans corresponding to advances secured on land may be carried on in connection with that business). (2) Facilitating the provision of insurance services by the society or any associated body of the society.	(1) The standard asset provision. (2) The group interest provision.
17.	Appropriate general insurance company.	A company (not being one excluded by the particular restrictions for general insurance companies) the objects of which include the carrying on of insurance business of a class or classes specified in Part I of Schedule 2 (general business) to the Insurance Companies Act 1982(5).	Investment and support.	(1) Enabling the general insurance company to carry on the business referred to in column 2 of this item (notwithstanding that the lending of money to members of the public on the security of land by loans corresponding to advances secured on land may be carried on in connection with that business). (2) Facilitating the provision of insurance services by the society or any associated body of the society.	(1) The standard asset provision. (2) The investment and support limit for general insurance companies.
18.	Appropriate estate agency vehicle	A type B body corporate (not being one excluded by the particular restrictions for estate agency vehicles) formed for the purpose of, or the objects of which include, the carrying on of estate agency work.	Investment and support.	(1) Enabling the vehicle to carry on estate agency work together with other activities so far as those other activities do not extend to activities within the scope of the particular restrictions for estate agency vehicles. (2) Facilitating the provision of land services by the society or any associated body of the society.	(1) The group interest provision. (2) The business percentage certification condition for estate agency vehicles.
19.	Appropriate mortgage company	A company limited by shares (not being one excluded by the particular restrictions for appropriate mortgage companies) which is a one tier organisation formed for the purpose of, or the objects of which include, the carrying on of one or both of the following activities— (a) acquiring, holding and disposing of debts which are secured on land in the United Kingdom or in any country or territory for the time being designated by order under section 14 (power to make advances secured on land overseas) of the Act; and (b) lending money on the security of such land.	Investment and support.	Enabling the company to carry on the activities referred to in (and not excluded by) column 2 of this item (notwithstanding that the lending of money to members of the public on the security of land by loans corresponding to advances secured on land may be carried out in connection those activities).	The mortgage business certification condition for appropriate mortgage companies.
20.	Appropriate territorial corporation	A body corporate (not being one excluded by the particular restrictions for appropriate territorial corporations) incorporated in the specified territory which is a one tier organisation formed for the purpose of, or the objects of which include, the carrying on of one or more of the following activities— (i) lending money on the security of land in the specified territory; (ii) acquiring, holding and disposing of debts which are secured on such land; (iii) carrying on in the specified territory or elsewhere (but not in the United Kingdom) a business which if it were carried on in the United Kingdom would constitute a deposit taking business for the purposes of the Banking Act 1987(6); and do not (where the foregoing activities are not the whole business) include lending on land, or acquiring or holding debts secured on land, elsewhere than in the specified territory, or carrying on in the United Kingdom a business which is a deposit taking business for the purposes of the Banking Act 1987.	Investment and support.	Enabling the corporation to carry on the activities referred to in (and not excluded by) column 2 of this item (notwithstanding that the lending of money to members of the public on the security of land by loans corresponding to advances secured on land may be carried on in connection with those activities.	(1) The standard asset provision. (2) The mortgage business certification condition for appropriate mortgage companies modified so as to— (a) omit the requirement in sub-paragraph (2)(c)(i) of that condition; (b) have effect as if an appropriate territorial corporation were an appropriate mortgage company and as if, where a society holds corresponding membership rights as defined by section 18 of the act in an appropriate territorial corporation, it held shares therein; (c) have effect as if any loan on the security of land were a mortgage.

(1)

1985 c. 69.

(2)

S.I. 1981/156 (N.I. 3).

(3)

1986 c. 60; Schedule 1 was amended by S.I. 1988/318, 496 and 803.

(4)

1982 c. 50.

(5)

1982 c. 50; Part I of Schedule 2 was amended by S.I. 1987/2130.

(6)

1987 c. 22.