{
  "url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-4/paragraph-3",
  "json_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-4/paragraph-3.json",
  "legislation": "uksi/1987/2072",
  "legislation_title": "The Building Societies (Accounts and Related Provisions) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987",
  "path": "schedule/4/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "Higher paid employees' emoluments",
  "text": "(1) There shall be shown by reference to each pair of adjacent points on a scale whereon the lowest point is £30,000 and the succeeding ones are successive integral multiples of £5,000 beginning with that in the case of which the multiplier is 7, the number (if any) of persons in the society’s employment whose several emoluments exceeded the lower point but did not exceed the higher.\n(2) The persons whose emoluments are to be taken into account for the purposes of this paragraph do not include—\n(a) directors of the society, or\n(b) persons (other than directors of the society) who—\n(i) if employed by the society throughout the financial year, worked wholly or mainly during that year outside the United Kingdon, or\n(ii) if employed by the society for part only of that year, worked wholly or mainly during that part outside the United Kingdom.\n(3) For the purposes of this paragraph, a person’s emoluments include any amount paid to or receivable by him from the society, an associated body and any other person in respect of his services as a person in the employment of the society or an associated body of it or as a director of an associated body of the society (except sums to be accounted for to the society or any of its associated bodies), and the term “emoluments” shall be taken to include fees and percentages, any sums paid by way of expenses allowance (in so far as those sums are charged to United Kingdom income tax), and the estimated money value of any other benefits received by a person otherwise than in cash.\n(4) The amounts to be brought into account for the purpose of complying with subparagraph (1) above are the sums receivable in respect of the financial year (whenever paid) or, in the case of sums not receivable in respect of a period, the sums paid during that year, but where—\n(a) any sums are not brought into account for the financial year on the ground that the person receiving them is liable to account for them as mentioned in subparagraph (3) above, but the liability is wholly or partly released or is not enforced within the period of two years, or\n(b) any sums paid to a person by way of expenses allowance are charged to United Kingdom income tax after the end of the financial year,\nthose sums shall, to the extent to which the liability is released or not enforced or they are charged as above mentioned (as the case may be), be brought into account for the purposes of complying with subparagraph (1) on the first occasion on which it is practicable to do so.\n(5) References in subparagraph (3) to a society’s associated body shall be taken as referring to a body which was an associated body at the time the services referred to in that subparagraph were rendered.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affecting": "uksi/1991/2086",
      "affecting_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991"
    },
    {
      "type": "added",
      "affecting": "uksi/1991/2086",
      "affecting_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991"
    },
    {
      "type": "amended",
      "affecting": "uksi/1991/2086",
      "affecting_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991"
    },
    {
      "type": "added",
      "affecting": "uksi/1991/2086",
      "affecting_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/2072/schedule/4/paragraph/3",
    "retrieved_at": "2026-10-29T16:16:29.421538+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."
}