Paragraph 3 Information relating to directors and other officers

(1)

The annual business statement of a society shall state—

(a)

in relation to each person who was, at the end of the financial year with which it deals, a director of the society—

(i)

his name;

(ii)

his home address or an address, other than that of the society, at which documents may be served on him;

(iii)

his business occupation;

(iv)

the bodies (other than the society)

of which he is a director, if any;

(v)

his date of birth; and

(vi)

his date of appointment as director; and

(b)

in relation to each person who was, at the end of the financial year with which it deals, an officer (but not a director) of the society—

(i)

his name;

(ii)

his business occupation; and

(iii)

the bodies of which he is a director, if any.

(2)

The annual business statement of a society shall state, in relation to each person who was, at the end of the financial year with which it deals, a director or the chief executive of the society, particulars of his service contract (if any) with the society.

(3)

The annual business statement of a society shall state particulars of any arrangement entered into during the financial year with which it deals whereby—

(a)

a director of the society or a person connected with him acquired, or arranged to acquire, any non-cash asset from a relevant body, or

(b)

a relevant body acquired, or arranged to acquire, any non-cash asset from a director of the society or a person connected with him,

and for the purposes of this subparagraph “non-cash asset” and “connected with” shall be construed in accordance with Part VII (Management of Societies) of the Act, and “relevant body” means the society or any subsidiary undertaking of the society.