# The Building Societies (Accounts and Related Provisions) Regulations 1998, Paragraph 13


The information required by paragraph 10, 11 or 12 need not be disclosed with respect to a subsidiary undertaking which—
(a) is established under the law of a country outside the United Kingdom; or
(b) carries on business outside the United Kingdom,
if in the opinion of the directors of the society the disclosure would be seriously prejudicial to the business of that subsidiary undertaking or to the business of the society or any of its subsidiary undertakings and the appropriate authority agrees that the information should not be disclosed.

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Source: https://www.legislation.gov.uk/uksi/1998/504/schedule/4/paragraph/13 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1998/schedule-4/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.