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Paragraph 2

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

The directors' report shall contain—

(a)

a statement of the business objectives and activities of the society and its associated bodies,

(b)

particulars of any events which have occurred since the end of the financial year and which are considered by the directors of the society to have an important effect on the society or any of its associated bodies, and

(c)

an indication of the opinion of the directors of the society as to the developments which they consider likely to happen in the business of the society and its associated bodies.