[F13. For section 82 (restrictions on publication of accounts and balance sheets) substitute—U.K.
82 “Restrictions on publication of accounts and balance sheets
(1) A registered society must not publish—
(a)a profit and loss account prepared under section 396 of the Companies Act 2006 as applied by regulation 3 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008, or
(b)a balance sheet,
unless the account or balance sheet is signed by the society’s secretary and is signed by two members of its committee acting on behalf of the committee.
(2) If a society publishes any of its statutory accounts, they must be accompanied by the relevant auditor’s report.
(3) A society which is required to prepare group accounts for a financial year must not publish its statutory individual accounts for that year without also publishing with them its statutory group accounts.
(4) If a society publishes non-statutory accounts, it must publish with them a statement indicating—
(a)that they are not the society’s statutory accounts,
(b)whether statutory accounts dealing with any financial year with which the non-statutory accounts purport to deal have been delivered to the FCA,
(c)whether the society’s auditor has made a relevant auditor’s report,
(d)whether any such auditor’s report—
(i)was qualified or unqualified, or included a reference to any matters to which the auditors drew attention by way of emphasis without qualifying the report, or
(ii)contained a statement under section 498(2) or (3) of the Companies Act 2006 as applied by regulation 7 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008 (accounting records or returns inadequate, accounts not agreeing with records and returns or failure to obtain necessary information and explanations),
and it must not publish with the non-statutory accounts any auditor’s report required by sections 496 and 497 of the Companies Act 2006 as applied by regulation 7 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008.
(5) For the purposes of this section a society is regarded as publishing a document if it publishes, issues or circulates it or otherwise generally makes it available for public inspection in a manner calculated to invite members of the public generally, or any class of members of the public, to read it.
(6) In this section—
(a)references to a society’s statutory accounts are to its individual or group accounts for a financial year as required to be prepared by regulation 3 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008;
(b)references to the relevant auditor’s report are to the report required to be prepared by sections 495 and 496 of the Companies Act 2006 as applied by regulation 7 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008 in relation to the statutory accounts concerned;
(c)references to the publication by a society of “non-statutory accounts” are to the publication of—
(i)any balance sheet or profit and loss account relating to, or purporting to deal with, a financial year of the society, or
(ii)an account in any form purporting to be a balance sheet or profit and loss account for the group consisting of the society and its subsidiary undertakings relating to, or purporting to deal with, a financial year of the society,
otherwise than as part of the society’s statutory accounts.”.]
Textual Amendments
F1Sch. 1 substituted (with effect in accordance with reg. 2(4) of the amending S.I.) by The Statutory Auditors Regulations 2017 (S.I. 2017/1164), reg. 1(2)(3), Sch. 2 para. 15 (with reg. 2(6)(7))