Regulation 2 InterpretationI1

United Kingdom

In these Regulations—

“the Act” means the Building Societies Act 1986;
“group” means a society and its subsidiary undertakings;
“group accounts society” means a society the directors of which are obliged by F1section 72E of the Act (duty to prepare group accounts) to prepare group accounts;
“particular account” means an income and expenditure account F2or a balance sheet;
“subsidiary undertaking” means a subsidiary undertaking of a group accounts society with which the group accounts of the society are required by F3section 72E of the Act to deal;
“single accounts society” means a society which is not a group accounts society;
“society” means a building society; and
“undertaking” has the meaning given to that word in F4section 1161(1) of the Companies Act 2006.

Annotations

F1: Words in reg. 2 substituted (31.12.2004 with application in accordance with reg. 1(2) of the amending S.I.) by The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 2004 (S.I. 2004/3199), reg. 1(1), Sch. para. 2(a)
F2: Words in reg. 2 substituted (23.3.1999) by The Building Societies (Contents of Accounts) Regulations 1999 (S.I. 1999/248), reg. 1, Sch. para. 7 (with reg. 4)
F3: Words in reg. 2 substituted (31.12.2004 with application in accordance with reg. 1(2) of the amending S.I.) by The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 2004 (S.I. 2004/3199), reg. 1(1), Sch. para. 2(b)
F4: Words in reg. 2 substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 9(2)