Interpretation2
1
In this Order—
“the 1986 Act” means the Building Societies Act 19863;
“the Authority” means the Financial Services Authority4;
“qualifying institution” means the Treasury, the Bank of England, another central bank of a Member State of the European Economic Area or the European Central Bank;
“relevant building society” means any building society which—
- a
receives financial assistance5 from a qualifying institution,
- b
has entered into an agreement with a qualifying institution under which it may receive financial assistance from that institution, or
- c
has received an offer of such an agreement, or of financial assistance, from a qualifying institution;
- a
“section 1(1)(a) function” means the function of the Authority set out in section 1(1)(a) of the 1986 Act (functions of the Authority)6.
2
References in this Order to a qualifying institution include—
a
any person acting for or on behalf of that qualifying institution;
b
any person providing, offering, or entering into an agreement for the provision of, financial assistance to a building society, who does so on the basis of financial assistance that person receives from the qualifying institution in question for that purpose.