{
  "url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-amendment-regulations-2004/regulation-10",
  "json_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-amendment-regulations-2004/regulation-10.json",
  "legislation": "uksi/2004/3199",
  "legislation_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 2004",
  "legislation_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-amendment-regulations-2004",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Disclosures in relation to financial instruments",
  "text": "In Schedule 8 (directors' report), after paragraph 10 (new activities) insert—\n“Financial risk management objectives and policies\n11. The directors' report shall contain, in relation to the use of financial instruments by the society and by any subsidiary undertaking, and where material for the assessment of the society’s or (as the case may be) group’s assets, liabilities, financial position and profit or loss—\n(a) the financial risk management objectives and policies of the society or (where applicable) the group, including the policy for hedging each major type of forecasted transaction for which hedge accounting is used, and\n(b) the exposure of the society or (where applicable) of the group to price risk, credit risk, liquidity risk and cash flow risk.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2004/3199/regulation/10",
    "retrieved_at": "2026-10-29T05:14:16.785610+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}