The Building Societies (Designated Capital Resources) Order 1992
This Order specifies that various resources of a building society which appear in its annual accounts or accounting records are to be treated as capital resources to be aggregated with reserves for the purpose of the first criterion of prudent management (maintenance of adequate reserves and other designated capital resources) under section 45(3) of the Building Societies Act 1986. The resources designated by this Order are verified interim profit, internally audited interim profit, revaluation reserves and general provisions for bad debt.