[F16.(1)There must be shown the aggregate amount of any consideration paid to or receivable by third parties for making available the services of any person—U.K.
(a)as a member of the committee; or
(b)while a member of the committee—
(i)as director of any of its associated bodies; or
(ii)otherwise in connection with the management of the affairs of the society or any of its associated bodies.
(2)The reference in sub-paragraph (1) to consideration includes benefits paid or receivable otherwise than in cash, and in relation to such consideration—
(a)references to its amount are to the estimated money value of the benefit; and
(b)the nature of the consideration must be disclosed.
(3)The reference in sub-paragraph (1) to third parties is to a person other than—
(a)the member of the committee himself or a person connected with him or a body corporate associated with him; and
(b)the society or any of its associated bodies.]
Textual Amendments
F1Sch. 13D inserted (with effect in accordance with art. 1(2) of the amending S.I.) by The Friendly Societies Act 1992 (International Accounting Standards and Other Accounting Amendments) Order 2005 (S.I. 2005/2211), art. 1(2), Sch. para. 6