The Building Societies (Designation of Qualifying Bodies) (Amendment) (No 2) Order 1990
This Order amends the Building Societies (Designation of Qualifying Bodies) Order 1988 (“the principal order”) so as to add “appropriate territorial corporation” as a further type of designated body suitable for investment or support by building societies under Section 18 of the Building Societies Act 1986. This power in relation to such corporations is only available to a building society with commercial assets of not less than £100m (the standard asset provision).