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6.—(1) The information specified in Schedule 6 shall be given in relation to the holdings in undertakings there described, in addition to that required by regulation 5, in the notes to the annual accounts of a society.
(2) The information required by paragraph (1) shall comprise—
(a)where the society is a single accounts society, or a group accounts society but all its subsidiary undertakings are excluded from the requirements of regulation 4(2), the information specified in Part I of Schedule 6; and
(b)where the society is a group accounts society and at least one subsidiary undertaking is included in the group accounts in accordance with the requirements of regulation 4(2), the information specified in Part II of Schedule 6.
(3) The information required by Schedule 6 need not be given with respect to an undertaking which—
(a)is established under the law of a country outside the United Kingdom; or
(b)carries on its business outside the United Kingdom,
if in the opinion of the directors of the society the disclosure would seriously prejudice the business of that undertaking or the business of the society or any of its subsidiary undertakings, and the Commission agrees that the information need not be given.
(4) Where advantage is taken of paragraph (3), that fact shall be stated in a note to the accounts.
(5) If the directors of the society are of the opinion that the number of undertakings in respect of which the society is required to give information specified in Schedule 6 is such that to do so would result in information of excessive length being given, the information need only be given in respect of—
(a)such of those undertakings whose results or financial position, in the opinion of the directors, principally affected the figures shown in the society’s annual accounts; and
(b)subsidiary undertakings excluded from the requirements of regulation 4(2).
(6) Where advantage is taken of paragraph (5), there shall be included in the notes a statement that the information specified in Schedule 6 is given only with respect to such undertakings as are mentioned in that paragraph.
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