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The Building Societies (Non-Retail Funds and Deposits) (Limit on Election) Order 1995
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- 1995 No. 1873
- Article 2
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Limit on liabilities in respect of non-retail funds and deposits
2. 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.
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