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—

    1. a

      receives financial assistance5 from a qualifying institution,

    2. b

      has entered into an agreement with a qualifying institution under which it may receive financial assistance from that institution, or

    3. c

      has received an offer of such an agreement, or of financial assistance, from a qualifying institution;

  • “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.