{
  "url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-amendment-regulations-2004/regulation-7",
  "json_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-amendment-regulations-2004/regulation-7.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/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Amounts in accounts to have regard to the substance of the reported transaction",
  "text": "In Part 5 (other accounting rules) of Schedule 7, insert the following after paragraph 20—\n“20A. The directors of a society shall, in determining how amounts are presented within items in the income and expenditure account and balance sheet, have regard to the substance of the reported transaction or arrangement, in accordance with generally accepted accounting principles or practice.”.",
  "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/7",
    "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."
}