Article 4 Accounts

The relevant accounts of a society shall, in the circumstances specified, contain the particulars specified, in the manner specified, in Schedule 1 to this Order.

The requirements of paragraph (1) above shall, subject to paragraph (3) below, apply in addition to requirements of the saved provisions.

To the extent specified in Schedule 1 to this Order, an item which is capable thereunder of being included as an item in a society’s balance sheet may be so included in substitution for compliance with the requirements of the previous regulations in respect thereof.

If the requirements of paragraph (1) above are not met in the relevant accounts of a society, the society shall be treated, for the purposes of the saved provisions, as if its relevant accounts had not met the requirements of the previous regulations.