This order establishes the legal framework for identifying specific financial institutions as 'recognised bodies' for the purpose of mortgage indemnity schemes. The document, issued by the government of Great Britain, provides the regulatory criteria and lists the entities that qualify for state-backed or sanctioned indemnity protections. It serves as a formal instrument to clarify the legal status of lenders within the housing finance market of the era.

Legal professionals and researchers utilize this text as a primary source for historical regulatory compliance in the United Kingdom housing sector. Experts note that the document is highly technical and intended strictly for administrative or legal reference purposes.