The Building Societies (Designation of Qualifying Bodies) (No. 3) Order 1993

PART I bodies corporate designated by name or description

Item	Column 1	Column 2	Column 3	Column 4	Column 5
	Specified name or description	Specified registration number or definition	Specified relevant power	Specified purposes (if any)	Specified limits and conditions (if any)
1.	Girobank plc	1950000	Investment and support, or support.	The specified purposes in relation to Girobank plc.	(1) The standard asset condition. (2) The condition for investment in Girobank plc. (3) The lending certification condition for lending bodies modified so as to have effect– (a) as if Girobank plc were a lending body, and (b) as if paragraph 12(2)(b) and (c) of Part II of the Schedule did not apply– (i) to the making of any loan which a building society which holds shares in Girobank plc at the time when the loan is made would have power to make otherwise than as an advance secured on land or a syndicated loan; or (ii) to the making of any loan which, by virtue of paragraph 7(2)(c) of Part II of the Schedule, would not constitute an activity of Girobank plc falling within the range of activities from which a society is restricted.
2.	Ancillary services body	A specified type of body corporate (being neither one excluded by relevant restrictions nor one designated either by specified name or description in any other item in column 1 of Part I of this Schedule, nor one so designated by any other order for the time being made under section 18 of the Act(1) ), formed for the purposes of or the objects of which include the carrying on of any activity which is expedient or necessary for, and/or ancillary, promotes or is conducive to the accomplishment of any activity or business, or both, which is within the powers of a society to carry on, or for the purpose of which a society may invest in and support, or support any associated body.	Investment and support, or support.	Enabling the ancillary services body to carry on any activity which is expedient or necessary for, and/or ancillary to, promotes or is conducive to the accomplishment of any activity or business, or both, which is within the powers of a society to carry on, or for the purpose of which a society may invest in and support, or support any associated body.	The qualifying activities condition.
3.	Estate agency body	A specified type of body corporate (not being one excluded by relevant restrictions) formed for the purpose of, or the objects of which include, the carrying on of estate agency work.	Investment and support, or support.	(1) Enabling the estate agency body to carry on estate agency work together with other activities so far as those other activites do not extend to activities referred to in paragraph 6(2) and (9) of Part II of this Schedule which would prevent a body corporate from being an estate agency body. (2) Facilitating the provision of land services by the society or any associated body of the society.	(1) The qualifying activities condition. (2) The business percentage condition for estate agency bodies.
4.	Financial services body	A specified type of body corporate (not being one excluded by relevant restrictions) formed for the purpose of, or the objects of which include, the carrying on of relevant investment business in any member State and/or in any country or territory listed in paragraph 2(c) or (e) of Part II of this Schedule.	Investment and support, or support.	(1) Enabling the financial services body to carry on relevant investment business in any member State and/or in any country or territory listed in paragraph 2(c) or (e) of Part II of this Schedule. (2) Facilitating the provision of investment services by the society or any associated body of the society.	(1) The standard asset condition. (2) The qualifying activities condition.
5.	General insurance body	A specified type of body corporate (not being one excluded by relevant restrictions) formed for the purpose of, or the objects of which include, the carrying on of insurance business of a class or classes specified in Part I of Schedule 2 (general business) to the Insurance Companies Act 1982(2) in any member State and/or in any country or territory listed in paragraph 2(c) or (e) of Part II of this Schedule.	Investment and support.	(1) Enabling the general insurance body to carry on insurance business of a class or classes specified in Part I of Schedule 2 (general business) to the Insurance Companies Act 1982 in any member State and/or in any country or territory listed in paragraph 2(c) or (e) of Part II of this Schedule. (2) Facilitating the provision of insurance services by the society or any associated body of the society.	(1) The standard asset condition. (2) The investment and support limit for general insurance bodies.
6.	Holding body	A specified type of body corporate (not being one excluded by relevant restrictions) formed for the purpose of, or the objects of which include, investment and support in one or more bodies corporate which the society has power to invest in and support, or support.	Investment and support.	Enabling the holding body to invest and support one or more bodies corporate which the society has power to invest in and support, or support.	The qualifying activities condition.
7.	Housing association	A body corporate within the meaning of “housing association” in section 1 of the Housing Associations Act 1985(3) or article 114 of the Housing (Northern Ireland) Order 1981(4).	Investment and support, or support.		(1) The standard asset condition. (2) The qualifying activities condition.
8.	Housing trust	A body corporate within the meaning of “housing trust” in section 2 of the Housing Associations Act 1985 or article 114 of the Housing (Northern Ireland) Order 1981.	Investment and support, or support.		(1) The standard asset condition. (2) The qualifying activities condition.
9.	Lending body	A specified type of body corporate (not being one excluded by relevant restrictions) formed for the purposes of, or the objects of which include, the carrying on of any or all of the following activities– (a) acquiring, holding and disposing of debts which are secured on land in the United Kingdom and/or in any country or territory for the time being designated by order under section 14 (power to make advances secured on land overseas) of the Act(5); (b) making advances on the security of such land, (c) making syndicated loans, and (d) acquiring, holding and disposing of mortgage finance rights.	Investment and support.	Enabling the lending body to carry on the activities described in paragraphs (a), (b), (c) and (d) of column 2 of this item.	(1) The lending certification condition for lending bodies. (2) The qualifying activities condition.
10.	Life insurance body	A specified type of body corporate (not being one excluded by relevant restrictions) formed for the purpose of, or the objects of which include, the carrying on of insurance business of a class specified in Schedule 1 (long term business) to the Insurance Companies Act 1982(6) in any member State and/or in any country or territory listed in paragraph 2(c) or (e) of Part II of this Schedule.	Investment and support, or support.	(1) Enabling the life insurance body to carry on insurance business of a class specified in Schedule 1 (long term business) to the Insurance Companies Act 1982 in any member State and/or in any country or territory listed in paragraph 2(c) or (e) of Part II of this Schedule. (2) Facilitating the provision of insurance services by the society or any associated body of the society.	(1) The standard asset condition. (2) The qualifying activities condition.
11.	Payments services body	A body corporate (not being one excluded by relevant restrictions) formed for the purpose of, or the objects of which include, the carrying on of banking services.	Investment and support, or support.	(1) Facilitating the provision of banking services by the society or any associated body of the society. (2) Enabling or facilitating the operation of facility accounts by the society or any associated body of the society.	The standard asset condition for the purpose of item (2) in column 4 of this item.
12.	Pension body	A specified type of body corporate formed for the purpose of, or the objects of which include, the carrying on of the business of acting as trustee in respect of pension schemes.	Investment and support, or support.	Enabling the pension body to act as trustee in respect of a pension scheme, other than one which requires the investment of any of the funds within the scheme in shares in or deposits with a society of which the pension body which acts as trustee in respect of the scheme is a subsidiary.	The qualifying activities condition.

(1)

SeeS.I. 1993/985 (designating funding bodies), and S.I. 1993/989 (designating mortgage indemnity insurance bodies).

(2)

1982 c. 50; Part I of Schedule 2 was amended by S.I. 1987/2130.

(3)

1985 c. 69.

(4)

S.I. 1981/156 (N.I. 3).

(5)

Seethe Building Societies (Isle of Man) Order 1987 (S.I. 1987/1498); the Building Societies (Jersey) Order 1987 (S.I. 1987/1872); the Building Societies (Guernsey and Alderney) Order 1988 (S.I. 1988/1394); the Building Societies (Gibraltar) Order 1989 (S.I. 1989/1817), and the Building Societies (Member States) Order 1992 (S.I. 1992/1547).

(6)

1982 c. 50.