C1C2Part VIII Accounts and Audit
Pt. VIII (ss. 71–82) modified (temp.until 1.1.1993) by S.I. 1990/1392, art. 6(3)
Procedure on completion of accounts
80 Signing of balance sheet: documents to be annexed.
1
Every balance sheet of a building society shall be signed by two directors on behalf of the board of directors and by the chief executive of the society.
2
The income and expenditure account, F1. . . and the annual business statement shall be annexed to the balance sheet, and so shall any group accounts; and the auditor’s report shall be attached to it.
3
The income and expenditure account, F2. . . and the annual business statement shall be approved by the board of directors before the balance sheet is signed on their behalf, and so shall any group accounts; and the date of their approval of those documents shall be endorsed on the balance sheet.
4
The directors’ report shall be attached to the balance sheet.
5
If a balance sheet has not been signed as required by subsection (1) above, and a copy of it is issued, circulated or published, the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence.
6
If any copy of a balance sheet is issued, circulated or published—
a
without having annexed to it a copy of the income and expenditure account, or
F3b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c
without having annexed to it a copy of the annual business statement, or
d
without having attached to it a copy of the auditors’ report, or
e
without having attached to it a copy of the directors’ report,
the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence.
Pt. VIII (ss. 71–82) excluded by S.I. 1986/2168, art. 12(1)(a)