# The Building Societies (Accounts and Related Provisions) Regulations 1987, Paragraph 1


In section B of Part I above—
(a) the summary review of the business shall comprise—
(i) in the case of a single accounts society, a summary review of the business of the society during, and a commentary on its financial position at the end of, the relevant year, and
(ii) in the case of a group accounts society, a summary review of the business of the society and its relevant subsidiaries during, and a commentary on their financial position at the end of, the relevant year;
(b) the summary review of events shall comprise a summary review of the events during the relevant year considered by the directors of the society to have an important effect—
(i) in the case of a single accounts society, on the society, and
(ii) in the case of a group accounts society, on the society and its relevant subsidiaries; and
(c) the summary indication of likely developments shall comprise a summary indication of the opinion of the directors of the society as to the developments considered by them to be likely to happen—
(i) in the case of a single accounts society, in the business of the society, and
(ii) in the case of a group accounts society, in the business of the society and its relevant subsidiaries.

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Source: https://www.legislation.gov.uk/uksi/1987/2072/schedule/8/part/II/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-8/part-II/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.