# The Building Societies (Accounts and Related Provisions) Regulations 1987, Paragraph 8


In this Schedule—
(a) “relevant year”, in relation to a summary financial statement of a society, means the financial year of the society with which the summary financial statement deals, and
(b) “average capital” means, in respect of a financial year, the amount produced by halving the aggregate of the amounts in items 12 and 17 in Part I (or, as the case may be, items 13 and 18 in Part II) of Schedule 2 above for that and the previous financial year.

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Source: https://www.legislation.gov.uk/uksi/1987/2072/schedule/8/paragraph/8 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-8/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.