SCHEDULES
F1SCHEDULE 10BDisclosures about related undertakings required in note to accounts
PART 1Societies not required to prepare consolidated group accounts
Significant holdings in undertakings other than subsidiary undertakings
6
1
The name of the undertaking must be stated.
2
There must be stated–
a
if the undertaking is incorporated outside the United Kingdom, the country in which it is incorporated; and
b
if it is unincorporated, the address of its principal place of business.
3
There must also be stated–
a
the identity of each class of shares in the undertaking held by the society; and
b
the proportion of the nominal value of the shares of that class represented by those shares.
4
Information otherwise required by this paragraph need not be given if it is not material–
a
in the case of Building Societies Act accounts, for the purpose of giving a true and fair view for the society of the matters set out in section 72B(2) or ,where appropriate, section 72F(2), or
b
in the case of IAS accounts, to the requirement under F2UK-adopted international accounting standards that such accounts achieve a fair presentation.
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