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The Building Societies (Liquid Asset) (Amendment) (No. 2) Regulations 1995
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- 1995 No. 3064
- Regulation 4
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4.—(1) This regulation applies to assets of a society which—
(a)were previously liquid assets but have ceased to be so on the coming into force of these Regulations, and
(b)have been held by the society continuously since a date before the date on which they ceased to be liquid assets.
(2) A society which holds assets to which this regulation applies shall not lose its power to continue to hold those assets.
(3) In this regulation a society is treated as including any predecessor of the society.
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