SCHEDULES

SCHEDULE 7 Special Provisions for Banking and Insurance Companies and Groups

Part I Form and Content of Accounts

6

For paragraph 20 of that Schedule substitute—

20

1

This paragraph applies where the company is a subsidiary undertaking.

2

The balance sheet of the company shall show—

a

the aggregate amount of its indebtedness to undertakings of which it is a subsidiary undertaking or which are fellow subsidiary undertakings, and

b

the aggregate amount of the indebtedness of all such undertakings to it,

distinguishing in each case between indebtedness in respect of debentures and otherwise.

3

The balance sheet shall also show the aggregate amount of assets consisting of shares in fellow subsidiary undertakings.