
1 
This Order may be cited as the Building Societies (Limit on Non-Retail Funds and Deposits) Order 1987 and shall come into force on 1st January 1988.
2 
The prescribed percentage for the purposes of section 7(3) of the Building Societies Act 1986 (which requires that the liabilities of a building society in respect of its non-retail funds and deposits shall not exceed at any time the prescribed percentage of the society’s total liabilities at that time in respect of shares in or money deposited with it) shall be 40 per cent.
In witness whereof the common seal of the Building Societies Commission is hereunto fixed, and is authenticated by me, a person authorised under paragraph 14 of Schedule 1 to the Building Societies Act 1986, on
D. B. Severn
Secretary to the Commission
7th December 1987.We consent to this Order.
Tony Durant
David Lightbown
Two of the Lords Commissioners of Her Majesty’s Treasury
8th December 1987