http://www.legislation.gov.uk/uksi/1994/655/note/made
The Building Societies (EFTA States) Order 1994
Building societies
King's Printer of Acts of Parliament
2016-04-28
BUILDING SOCIETIES
This Order empowers building societies with commercial assets of at least £100 million to make advances on the security of land in any State of the European Free Trade Area (EFTA). Provision is made for the classification of those advances within the asset classification provisions of the Building Societies Act 1986.
(This note is not part of the Order)
This Order empowers building societies with commercial assets of at least £100 million to make advances on the security of land in any State of the European Free Trade Area (EFTA). Provision is made for the classification of those advances within the asset classification provisions of the Building Societies Act 1986.
This Order provides (article 6 and Schedule 2) for the general treatment of those advances under the Building Societies Act 1986 to correspond to the treatment, under the Act, of advances secured on land in the United Kingdom.