# The Building Societies (Accounts and Related Provisions) Regulations 1998, Paragraph 22: Reserves and provisions

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

(1) Where any amount is transferred—
(a) to or from any reserves (including the revaluation reserve),
(b) to any provisions for liabilities, or
(c) from any provisions for liabilities otherwise than for the purpose for which the provisions were established,
and the reserves or provisions are shown or would but for regulation 3(5) be shown as separate items in the society’s balance sheet, the information required by the following sub-paragraph shall be given in respect of the aggregate of reserves or provisions included in items in the balance sheet to which any such transfer relates.
(2) The information required by this sub-paragraph is—
(a) the amount of the reserves or provisions as at the date of the beginning of the financial year and as at the balance sheet date respectively,
(b) any amounts transferred to or from the reserves or provisions during that year, and
(c) the source and application respectively of any amounts so transferred.
(3) Particulars shall be given of each provision included in the item “provisions for liabilities” in the balance sheet.
(4) The amount of the provision for deferred taxation shall be stated separately from the amount of any provision for other taxation.

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Source: https://www.legislation.gov.uk/uksi/1998/504/schedule/5/paragraph/22 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1998/schedule-5/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.