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The Banking Coordination (Second Council Directive) Regulations 1992
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Criteria for prudent management
73. In subsection (3) of section 45 of the Building Societies Act (criteria for prudent management), for the first criterion there shall be substituted the following criterion—
Maintenance of—
(a)adequate reserves and other designated capital resources; and
(b)own funds which amount to not less than the sum which, for the purposes of section 9, is the prescribed minimum in relation to qualifying capital.”
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