# The Building Societies (Accounts and Related Provisions) Regulations 1998, Regulation 2: Interpretation

Extent: E+W+S+N.I.

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 section 72E of the Act (duty to prepare group accounts) to prepare group accounts;
“particular account” means an income and expenditure account or 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 section 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 section 1161(1) of the Companies Act 2006.

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Source: https://www.legislation.gov.uk/uksi/1998/504/regulation/2 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1998/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.