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Changes over time for: Paragraph 15


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 06/04/2008
Status:
Point in time view as at 22/12/2004.
Changes to legislation:
Building Societies Act 1986, Paragraph 15 is up to date with all changes known to be in force on or before 09 March 2025. 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.

Changes to Legislation
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[15.(1)There must also be stated–U.K.
(a)the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year; and
(b)its profits or loss for that year.
(2)That information need not be given in respect of an undertaking if–
(a)the undertaking is not required by any provision of the Companies Act 1985 or the Companies (Northern Ireland) Order 1986 to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in the United Kingdom or elsewhere, and
(b)the society’s holding is less than 50 per cent of the nominal value of the shares in the undertaking.
(3)Information otherwise required by this paragraph need not be given if it is not material—
(a) for the purpose of giving a true and fair view for the society and its subsidiary undertakings as a whole, of the matters set out in section 72F(2);
(b)in the case of IAS accounts, to the requirement under international accounting standards that such accounts achieve a fair presentation.
(4)For the purposes of this paragraph the “relevant financial year” of an undertaking is–
(a)if its financial year ends with that of the society, that year, and
(b)if not, its financial year ending last before the end of the society’s financial year.]
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