F1255 Special provisions for banking and insurance companies.E+W+S
(1)A banking company shall prepare its individual accounts in accordance with Part I of Schedule 9 rather than Schedule 4.
(2)An insurance company [F2shall] prepare its individual accounts in accordance with Part I of Schedule 9A rather than Schedule 4.
(3)Accounts so prepared shall contain a statement that they are prepared in accordance with the special provisions of this Part relating to banking companies or to insurance companies, as the case may be.
(4)In relation to the preparation of individual accounts in accordance with the special provisions of this Part, the references to Schedule 4 in section 226(4) and (5) (relationship between specific requirements and duty to give true and fair view) shall be read as references to the provisions of Part I of Schedule 9, in the case of the accounts of banking companies, or to the provisions of Part I of Schedule 9A, in the case of the accounts of insurance companies.
F3(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Ss. 255-255B substituted (2.12.1991) by S.I. 1991/2705, regs. 3, 9.
F2Word in s. 255(2) substituted (19.12.1993) by S.I. 1993/3246, regs. 2(1), 6, 7
F3S. 255(5) omitted (19.12.1993) by S.I. 1993/3246, regs. 2(2), 6, 7
Modifications etc. (not altering text)
C1S. 255 modified (temp.) (in force in accordance with s. 3 of the amending Act) by 1999 c. iv, ss. 3, 7(6)
C2S. 255 extended (with modifications) (19.12.1993) by S.I. 1993/3245, reg.3