Part VI Accounts and Audit

Annual accounts of friendly societies and registered branches

69CF1Form and contents of Friendly Societies Act individual accounts

1

The Treasury must by regulations make provision with respect to the form and content of Friendly Societies Act individual accounts.

2

The Treasury may by regulations make provision with respect to additional information to be contained in Friendly Societies Act individual accounts, whether in the form of notes or otherwise.

3

The regulations may, in particular–

a

prescribe accounting principles and rules;

b

require corresponding information for a preceding financial year;

c

make different 'provision for different descriptions of society or branch.