Regulation 9 Summary financial statement
Subject to paragraph (2) of this Regulation, each summary financial statement of a society prepared under section 76 of the Act (summary financial statement for members and depositors) shall be prepared in the order and under the headings and sub-headings shown in the formats (and as directed by the notes) set out in Part I, and in accordance with the provisions of Part II, of Schedule 8 below, so as to contain—
a statement in the prescribed form for the purposes of section 76(4) of the Act,
a summary directors' report,
a summary statement, and
a summary of key financial ratios,
followed by the statement of the auditors' opinion required to be included by section 76(5) of the Act, and so as to give a summary account of the relevant matters.
Paragraph (1) above is not to be read as—
requiring the heading or sub-heading for any item to be distinguished by any letter or number assigned to that item in the format in which it appears,
requiring the headings in Section B of Part I of Schedule 8 below to contain any particular wording,
prohibiting the inclusion, in place of the words “THIS YEAR” and “LAST YEAR” in Sections C and D of Part I of Schedule 8 below, of other column headings consistent with paragraph 2 of Part II of that Schedule, or
prohibiting the inclusion, for the purpose of assisting the giving in the summary financial statement of a summary account of the relevant matters, of material additional to that required to be included by this Regulation.
In this Regulation “the relevant matters” are, in relation to a financial year of a society with which a summary financial statement deals, the financial development (during the year) and the financial position (at the end of the year) of—
where section 76(2) of the Act does not apply, the society, and
where section 76(2) of the Act applies, the society and its relevant subsidiaries.