This order establishes the regulatory framework for non-retail funds and deposits within the building society sector in the United Kingdom. The document, issued by the government of Great Britain, provides the legal definitions and operational constraints necessary for building societies to manage wholesale funding and non-retail deposit accounts. It serves as a formal instrument to ensure institutional compliance with statutory financial standards.

Legal professionals and financial regulators view this document as a foundational piece of secondary legislation for the UK building society sector. Readers frequently note the technical density of the prose, which is intended for compliance officers and legal practitioners rather than the general public.