- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/04/2013)
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Building Societies Act 1986
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Rhagor o Adnoddau
Changes over time for: Section 117
Version Superseded: 18/02/2014
Alternative versions:
- 01/02/1991- Amendment
- 20/03/2003- Amendment
- 01/04/2013
Point in time - 18/02/2014- Amendment
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Point in time view as at 01/04/2013. This version of this provision has been superseded.
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Building Societies Act 1986, Section 117 is up to date with all changes known to be in force on or before 16 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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117 Financial year of building societies.U.K.
(1)Subject to the provisions of this section and Schedule 20, the financial year of building societies shall be the period of twelve months ending with 31st December.
(2)The initial financial year of a building society shall be such period as expires with the end of the calendar year in which it is established and the final financial year of a building society shall be such shorter period than twelve months as expires with the date as at which the society makes up its final accounts.
(3)A building society whose financial year does not, by virtue of the saving provisions of Schedule 20, end with 31st December may alter its financial year by making up its accounts for one period of more than 6 months, and not more than 18 months, ending with 31st December; and in relation to a building society exercising the power conferred by this subsection, references in this Act to a financial year of the society include references to that period.
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