Paragraph 27 Non-retail funds and deposits

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch.5, para 5(3)(e) rev. in Pt. by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(i)
Sch.5, para 12A added by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(ii)
Sch.5, para 13 amended by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(iii)
Sch.5, para 15(4) replaced (by paras (4)(4A)) by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(iv)
Sch.5, para 15 A added by Building Societies (Accounts and Related Provisions) 1994 reg.2(b)(v)

(1)

The amounts shown in the balance sheet as “non-retail funds and deposits” shall be analysed for the total and for each sub division by lower case letters as follows—

(a)

accrued interest,

(b)

amounts which are repayable on demand or are for an indeterminate period, being repayable upon seven days notice, and

(c)

amounts repayable from the balance sheet date in the ordinary course of business and whether by virtue of the giving of a period of notice or otherwise—

(i)

in not more than three months,

(ii)

in more than three months but not more than one year,

(iii)

in more than one year but not more than five years, and

(iv)

in more than five years.

(2)

For the purpose of subparagraph (1), where an amount is repayable by instalments, each instalment is to be treated as a separate amount.