# The Building Societies (Accounts and Related Provisions) Regulations 1992, Paragraph 12: Supplementary provisions regarding directors' emoluments


Where the Chief Executive of the society is not also a director of the society, he shall be deemed, for the purposes of paragraphs 4 to 11 to be a director of the society. In such circumstances there shall be a note in the accounts specifying that the Chief Executive has been so deemed to be a director.

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Source: https://www.legislation.gov.uk/uksi/1992/359/schedule/5/paragraph/12 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1992/schedule-5/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.