Building Societies Act 1986 (c. 53)

SCHEDULES

[F1 SCHEDULE 10B U.K. Disclosures about related undertakings required in note to accounts

Textual Amendments

F1 Schs. 10A, 10B inserted (22.12.2004) (with effect in accordance with art. 1(2) of the amending S.I.) by The Building Societies Act 1986 (International Accounting Standards and Other Accounting Amendments) Order 2004 (S.I. 2004/3380), art. 1, Sch. para. 9

PART 1 U.K. Societies not required to prepare consolidated group accounts

Holdings in subsidiary undertakings U.K.

2. (1) There must be stated in relation to shares of each class held by the society in a subsidiary undertaking– U.K.

(a) the identity of the class; and

(b) the proportion of the nominal value of the shares of that class represented by those shares.

(2) The shares held by or on behalf of the society itself must be distinguished from those attributed to the society which are held by or on behalf of a subsidiary undertaking.]