
1 
This Order may be cited as the Building Societies (Limits on Lending) Order 1992 and shall come into force on 15th December 1992.
2 
The sum specified for the purposes of section 16(8) (limit on loans to any one individual) of the Building Societies Act 1986 shall be £25,000.
3 
Paragraph 2 of Article 2 of the Building Societies (Limits on Lending) Order 1988 is hereby repealed.
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
Norman Digance
Secretary to the Commission
18th November 1992.We consent to this Order
Gregory Knight
T. E. Boswell
Two of the Lords Commissioners of Her Majesty’s Treasury
23rd November 1992