# The Building Societies (Accounts and Related Provisions) Regulations 1987, Paragraph 9: Provision for losses


(1) In respect of any provision for losses deducted from Asset items 2, 3, 4(a), 4(b) and 4(c) in the balance sheet there shall be shown the following information, in respect of each item—
(a) the amount of the provision as at the date of the beginning of the financial year and as at the balance sheet date respectively, showing separately—
(i) specific provisions for losses, and
(ii) general provisions for losses,
(b) any amounts transferred to or from each of the provisions referred to in paragraph (a) above during the year, and
(c) the source and application respectively of any amounts so transferred.
(2) For the purposes of subparagraph (1) above a “specific provision” shall be any provision determined by reference to a particular advance or loan and all other provisions shall be “general provisions”.

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Source: https://www.legislation.gov.uk/uksi/1987/2072/schedule/4/paragraph/9 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-4/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.