{
  "url": "https://openlegislation.uk/building-societies-act-1986/section-80",
  "json_url": "https://openlegislation.uk/building-societies-act-1986/section-80.json",
  "legislation": "ukpga/1986/53",
  "legislation_title": "Building Societies Act 1986",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1986",
  "path": "section/80",
  "kind": "section",
  "number": "80",
  "heading": "Signing of balance sheet: documents to be annexed.",
  "text": "(1) Every balance sheet of a building society shall be signed by one director on behalf of the board of directors ....\n(2) The income and expenditure account, . . . and the annual business statement shall be annexed to the balance sheet, and so shall any group accounts; and the auditor’s report shall be attached to it.\n(3) The income and expenditure account, . . . and the annual business statement shall be approved by the board of directors before the balance sheet is signed on their behalf, and so shall any group accounts; and the date of their approval of those documents shall be endorsed on the balance sheet.\n(4) The directors’ report shall be attached to the balance sheet.\n(5) If a balance sheet has not been signed as required by subsection (1) above, and a copy of it is issued, circulated or published, the building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence.\n(6) If any copy of a balance sheet is issued, circulated or published—\n(a) without having annexed to it a copy of the income and expenditure account, or\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(c) without having annexed to it a copy of the annual business statement, or\n(d) without having attached to it a copy of the auditor’s report, or\n(e) without having attached to it a copy of the directors’ report,\nthe building society shall be liable on summary conviction to a fine not exceeding level 3 on the standard scale and so shall any officer who is also guilty of the offence.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 80(1) substituted (6.1.2025) by The Building Societies Act 1986 (Modifications) Order 2024 (S.I. 2024/1346), arts. 1(2), 2(4)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 80(1) omitted (6.1.2025) by virtue of The Building Societies Act 1986 (Modifications) Order 2024 (S.I. 2024/1346), arts. 1(2), 2(4)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 80(2) omitted (23.3.1999) by virtue of S.I. 1999/248, reg. 3, Sch. para. 5(1)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 80(3) omitted (23.3.1999) by virtue of S.I. 1999/248, reg. 3, Sch. para. 5(2)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 80(6)(b) omitted (23.3.1999) by virtue of S.I. 1999/248, reg. 3, Sch. para. 5(3)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 80(6)(d) substituted (29.6.2008) by The Building Societies Act 1986 (Accounts, Audit and EEA State Amendments) Order 2008 (S.I. 2008/1519), art. 1(2), Sch. 2 para. 6"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/53/section/80",
    "retrieved_at": "2026-10-29T09:54:49.368285+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}