In this Part—

• “annual accounts”, in relation to a friendly society or registered branch, means—

  1. a

     the individual accounts required by section 69A, and

  2. b

     any group accounts required by section 69E,

  together with the notes to those accounts;

• F9...

• F10“firm” means any entity, whether or not a legal person, that is not an individual and includes a body corporate, a corporation sole, and a partnership or other unincorporated association;

• “IAS accounts” means IAS individual accounts or IAS group accounts;

• F7...

• “income and expenditure account”, in relation to a friendly society or registered branch which prepares IAS accounts, includes an income statement or other equivalent financial statement required to be prepared by F13UK-adopted international accounting standards;

• F1...

• “non-directive friendly society” means a registered friendly society —

  1. a

     to which subsections (2) and (3) of section 37 (restriction of combinations of business do not apply; and

  2. b

     which does not carry on reinsurance business;

• “parent undertaking” and “subsidiary undertaking” shall be construed in accordance with the provisions of F2section 1162 of the Companies Act 2006, read in conjunction with section 1161(1) of and Schedule 7 to that Act.

• F10“senior statutory auditor” has meaning given by section 74A(1) above;

• F11“UK-adopted international accounting standards” has the meaning given by section 474(1) of the Companies Act 2006;