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The Building Societies (Accounts and Related Provisions) Regulations 1992

S.I. 1992/359 · Made 17 February 1992

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BUILDING SOCIETIES

Made 17th February 1992

Laid before Parliament 6th March 1992

Coming into force 1st January 1993

The Building Societies Commission, with the consent of the Treasury, in exercise of the powers conferred on it by sections 73, 74(3) and (6), 75(1) and 76(3) of the Building Societies Act 1986f1, and of all other powers enabling it in that behalf, hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1986 c. 53.

Contents

  1. 1Citation and commencement
  2. 2Interpretation
  3. 3Annual accounts
  4. 4Group accounts-supplementary provisions
  5. 5Notes to annual accounts
  6. 6Associated Bodies
  7. 7Accounting principles and rules
  8. 8Directors' report
  9. 9Annual business statement
  10. 10Summary financial statement
  11. 11Interpretation of Schedules
  12. 12Transitional provisions
  13. 13Further transitional provision
  14. 14Revocation
  15. Signature
  16. Schedule 1
  17. Part I: FORMAT OF SOCIETY INCOME AND EXPENDITURE ACCOUNT
  18. 1Paragraph 1
  19. 2Paragraph 2
  20. 3Paragraph 3
  21. 4Paragraph 4
  22. 5Paragraph 5
  23. 6Paragraph 6
  24. 7Paragraph 7
  25. 8Paragraph 8
  26. 9Paragraph 9
  27. 10Paragraph 10
  28. 11Paragraph 11
  29. 12Paragraph 12
  30. 13Paragraph 13
  31. 14Paragraph 14
  32. 15Paragraph 15
  33. 16Paragraph 16
  34. 17Paragraph 17
  35. 18Paragraph 18
  36. 19Paragraph 19
  37. 20Paragraph 20
  38. 21Paragraph 21
  39. Part II: FORMAT OF CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT
  40. 1Paragraph 1
  41. 2Paragraph 2
  42. 3Paragraph 3
  43. 4Paragraph 4
  44. 5Paragraph 5
  45. 6Paragraph 6
  46. 7Paragraph 7
  47. 8Paragraph 8
  48. 9Paragraph 9
  49. 10Paragraph 10
  50. 11Paragraph 11
  51. 12Paragraph 12
  52. 13Paragraph 13
  53. 14Paragraph 14
  54. 15Paragraph 15
  55. 16Paragraph 16
  56. 17Paragraph 17
  57. 18Paragraph 18
  58. 19Paragraph 19
  59. 20Paragraph 20
  60. 21Paragraph 21
  61. 22Paragraph 22
  62. 23Paragraph 23
  63. 24Paragraph 24
  64. Part III: PROVISIONS APPLICABLE TO PARTS I AND II
  65. 1Paragraph 1
  66. 2Paragraph 2
  67. 3Paragraph 3
  68. 4Paragraph 4
  69. 5Paragraph 5
  70. 6Paragraph 6
  71. 7Paragraph 7
  72. 8Paragraph 8
  73. 9Paragraph 9
  74. 10Paragraph 10
  75. 11Paragraph 11
  76. 12Paragraph 12
  77. 13Paragraph 13
  78. 14Paragraph 14
  79. 15Paragraph 15
  80. 16Paragraph 16
  81. Schedule 2
  82. Part I: FORMAT OF SOCIETY BALANCE SHEET
  83. Chapter: ASSETS
  84. 1Paragraph 1
  85. 2Commercial Assets
  86. 3Commercial Assets
  87. 4Commercial Assets
  88. 5Commercial Assets
  89. 6Commercial Assets
  90. 7Commercial Assets
  91. 8Commercial Assets
  92. 9Commercial Assets
  93. Chapter: LIABILITIES
  94. 10Shares and Deposits
  95. 11Shares and Deposits
  96. 12Shares and Deposits
  97. 13Shares and Deposits
  98. 14Shares and Deposits
  99. 15Shares and Deposits
  100. 16Shares and Deposits
  101. 17Shares and Deposits
  102. 18Shares and Deposits
  103. 19Shares and Deposits
  104. Chapter: MEMORANDUM ITEMS
  105. 20Paragraph 20
  106. 21Paragraph 21
  107. Part II: FORMAT OF CONSOLIDATED BALANCE SHEET
  108. Chapter: ASSETS
  109. 1Paragraph 1
  110. 2Commercial Assets
  111. 3Commercial Assets
  112. 4Commercial Assets
  113. 5Commercial Assets
  114. 6Commercial Assets
  115. 7Commercial Assets
  116. 8Commercial Assets
  117. 9Commercial Assets
  118. 10Commercial Assets
  119. Chapter: LIABILITIES
  120. 11Shares and Deposits
  121. 12Shares and Deposits
  122. 13Shares and Deposits
  123. 14Shares and Deposits
  124. 15Shares and Deposits
  125. 16Shares and Deposits
  126. 17Shares and Deposits
  127. 18Shares and Deposits
  128. 19Shares and Deposits
  129. 20Shares and Deposits
  130. 21Shares and Deposits
  131. Chapter: MEMORANDUM ITEMS
  132. 22Paragraph 22
  133. 23Paragraph 23
  134. Part III: PROVISIONS APPLICABLE TO PARTS I AND II
  135. 1Paragraph 1
  136. 2Paragraph 2
  137. 3Paragraph 3
  138. 4Paragraph 4
  139. 5Paragraph 5
  140. 6Paragraph 6
  141. 7Paragraph 7
  142. 8Paragraph 8
  143. 9Paragraph 9
  144. 10Paragraph 10
  145. 11Paragraph 11
  146. 12Paragraph 12
  147. 13Paragraph 13
  148. 14Paragraph 14
  149. 15Paragraph 15
  150. 16Paragraph 16
  151. 17Paragraph 17
  152. 18Paragraph 18
  153. 19Paragraph 19
  154. 20Paragraph 20
  155. 21Paragraph 21
  156. Schedule 3
  157. Part I: FORMAT OF SOCIETY STATEMENT OF THE SOURCE AND APPLICATION OF FUNDS
  158. Chapter: Source of Funds
  159. 1Paragraph 1
  160. 2Paragraph 2
  161. 3Paragraph 3
  162. 4Paragraph 4
  163. 5Paragraph 5
  164. 6Paragraph 6
  165. Chapter: Application of Funds
  166. 7Paragraph 7
  167. 8Paragraph 8
  168. 9Paragraph 9
  169. 10Paragraph 10
  170. 11Paragraph 11
  171. 12Paragraph 12
  172. 13Paragraph 13
  173. 14Paragraph 14
  174. 15Paragraph 15
  175. 16Paragraph 16
  176. 17Paragraph 17
  177. 18Paragraph 18
  178. Part II: FORMAT OF CONSOLIDATED STATEMENT OF THE SOURCE AND APPLICATION OF FUNDS
  179. Chapter: Source of Funds
  180. 1Paragraph 1
  181. 2Paragraph 2
  182. 3Paragraph 3
  183. 4Paragraph 4
  184. 5Paragraph 5
  185. 6Paragraph 6
  186. Chapter: Application of Funds
  187. 7Paragraph 7
  188. 8Paragraph 8
  189. 9Paragraph 9
  190. 10Paragraph 10
  191. 11Paragraph 11
  192. 12Paragraph 12
  193. Chapter: Increase in Free Capital
  194. 13Source of Funds
  195. 14Source of Funds
  196. 15Source of Funds
  197. 16Source of Funds
  198. 17Source of Funds
  199. 18Source of Funds
  200. 19Source of Funds
  201. Part III: PROVISIONS APPLICABLE TO PARTS I AND II
  202. 1Paragraph 1
  203. 2Paragraph 2
  204. 3Paragraph 3
  205. 4Paragraph 4
  206. 5Paragraph 5
  207. 6Paragraph 6
  208. Schedule 4: FORM AND CONTENT OF THE ANNUAL ACCOUNTS OF A GROUP ACCOUNTS SOCIETY
  209. 1General Rules
  210. 2General Rules
  211. 3General Rules
  212. 4General Rules
  213. 5Elimination of group transactions
  214. 6Acquisition accounting
  215. 8Acquisition accounting
  216. 9Acquisition accounting
  217. 10Acquisition accounting
  218. 11Acquisition accounting
  219. 12Acquisition accounting
  220. 14Acquisition accounting
  221. 15Minority interests
  222. 17Foreign Currency Translation
  223. Schedule 5: NOTES TO ANNUAL ACCOUNTS
  224. 1Accounting policies
  225. 3Employees
  226. 4Aggregate amount of directors' emoluments
  227. 5Details of chairman’s and directors' emoluments
  228. 6Emoluments waived
  229. 7Pensions of directors and past directors
  230. 8Compensation to directors for loss of office
  231. 9Sums paid to third parties in respect of directors' services
  232. 10Supplementary provisions regarding directors' emoluments
  233. 11Supplementary provisions regarding directors' emoluments
  234. 12Supplementary provisions regarding directors' emoluments
  235. 13Supplementary provisions regarding directors' emoluments
  236. 14Interpretation of provisions regarding directors' emoluments
  237. 15Other income and expenditure items
  238. 16Taxation
  239. 17Miscellaneous matters
  240. 18Liquid assets
  241. 19Commercial Assets
  242. 20Provisions for bad and doubtful debts
  243. 21Transferable securities
  244. 22Mortgage finance rights
  245. 23Investments in credit institutions
  246. 24Fixed assets
  247. 25Other assets
  248. 26Retail funds and deposits
  249. 27Non-retail funds and deposits
  250. 28Other liabilities
  251. 29Reserves and provisions
  252. 30Subordinated liabilities
  253. 31Subscribed capital
  254. 32Fixed Cumulative interest
  255. 33Details of assets charged
  256. 34Details of assets charged
  257. 35Guarantees and other financial commitments
  258. 36Memorandum items : Subsidiary undertakings
  259. 37Leasing transactions
  260. 38Assets and liabilities denominated in a currency other than sterling
  261. 39Assets and liabilities denominated in a currency other than sterling
  262. 40Unmatured forward transactions
  263. 41Other miscellaneous matters
  264. 42Directors' loans and transactions
  265. Schedule 6: NOTES TO ANNUAL ACCOUNTS: INFORMATION IN RESPECT OF ASSOCIATED BODIES
  266. Part I: SOCIETIES NOT REQUIRED TO PREPARE CONSOLIDATED ACCOUNTS
  267. 1Subsidiary undertakings
  268. 2Holdings in subsidiary undertakings
  269. 3Financial information about subsidiary undertakings
  270. 4Financial years of subsidiary undertakings
  271. 5Further information about subsidiary undertakings
  272. 6Significant holdings in undertakings other than subsidiary undertakings
  273. 7Significant holdings in undertakings other than subsidiary undertakings
  274. 8Significant holdings in undertakings other than subsidiary undertakings
  275. 9Construction of references to shares held by society
  276. Part II: SOCIETIES REQUIRED TO PREPARE CONSOLIDATED ACCOUNTS
  277. 10Subsidiary undertakings
  278. 11Holdings in subsidiary undertakings
  279. 12Financial information about subsidiary undertakings not included in the consolidation
  280. 13Financial years of subsidiary undertakings
  281. 14Further information about subsidiary undertakings excluded from consolidation
  282. 15Associated undertakings
  283. 16Other significant holdings of society or group
  284. 17Other significant holdings of society or group
  285. 18Other significant holdings of society or group
  286. 19Other significant holdings of society or group
  287. 20Other significant holdings of society or group
  288. 21Other significant holdings of society or group
  289. 22Construction of references to shares held by society or group
  290. Part III: SUPPLEMENTARY PROVISIONS
  291. 23Paragraph 23
  292. 24Paragraph 24
  293. Schedule 7: ACCOUNTING PRINCIPLES AND RULES
  294. Part I: ACCOUNTING PRINCIPLES
  295. 1Paragraph 1
  296. 2Paragraph 2
  297. 3Paragraph 3
  298. 4Paragraph 4
  299. 5Paragraph 5
  300. 6Paragraph 6
  301. Part II: DEPARTURE FROM ACCOUNTING PRINCIPLES
  302. 7Paragraph 7
  303. Part III: FIXED ASSETS
  304. 8General rules
  305. 9General rules
  306. 10General rules
  307. 11Development costs
  308. 12Goodwill
  309. 13Financial fixed assets
  310. Part IV: CURRENT ASSETS
  311. 14Paragraph 14
  312. 15Paragraph 15
  313. 16Paragraph 16
  314. Part V: OTHER ACCOUNTING RULES
  315. 17General rules
  316. 18General rules
  317. 19General rules
  318. 20General rules
  319. 21Excess of money owed over value received as an asset item
  320. 22Determination of cost
  321. 23Determination of cost
  322. 24Determination of cost
  323. 25Substitution of original amount where cost unknown
  324. Part VI: ALTERNATIVE ACCOUNTING RULES
  325. 26Paragraph 26
  326. 27Paragraph 27
  327. 28Paragraph 28
  328. 29Paragraph 29
  329. 30Paragraph 30
  330. Part VII: ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
  331. 31Paragraph 31
  332. 32Paragraph 32
  333. Schedule 8: DIRECTORS' REPORT
  334. 1Paragraph 1
  335. 2Paragraph 2
  336. 3Paragraph 3
  337. 4Paragraph 4
  338. 5Paragraph 5
  339. 6Paragraph 6
  340. 7Paragraph 7
  341. 8Paragraph 8
  342. Schedule 9: ANNUAL BUSINESS STATEMENT
  343. 1Statutory ratios and percentages
  344. 2Other percentages
  345. 3Information relating to directors and other officers
  346. 4Average rates
  347. 5Information about new activities
  348. Schedule 10: SUMMARY FINANCIAL STATEMENT
  349. Part I: FORMAT OF SUMMARY FINANCIAL STATEMENT
  350. PRESCRIBED FORM OF STATEMENT FOR THE PURPOSES OF SECTION 76(4) OF THE ACT
  351. 1Paragraph 1
  352. 2Paragraph 2
  353. 3Paragraph 3
  354. FORMAT OF SUMMARY DIRECTORS' REPORT
  355. 1Paragraph 1
  356. 2Paragraph 2
  357. 3Paragraph 3
  358. SECTION CFORMAT OF SUMMARY STATEMENT
  359. SECTION DFORMAT OF SUMMARY OF KEY FINANCIAL RATIOS
  360. Part II: PROVISIONS APPLICABLE TO PART I
  361. 1Paragraph 1
  362. 2Paragraph 2
  363. 3Paragraph 3
  364. 4Paragraph 4
  365. 5Paragraph 5
  366. 6Paragraph 6
  367. 7Paragraph 7
  368. 8Paragraph 8
  369. 9Paragraph 9
  370. 10Paragraph 10
  371. Schedule 11: INTERPRETATION OF SCHEDULES
  372. 1Paragraph 1
  373. 3Capital
  374. 8Participating interest
  375. 9Provisions
  376. 10Scots land tenure
  377. 11Staff costs
  378. 12Amounts repayable
  379. 13Other definitions
  380. Explanatory note