Paragraph 9

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. word substituted by Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) 2001 art. 213(6)
Sch. para. 1 words substituted by Financial Services Act 2012 (Mutual Societies) 2013 Sch. 10 para. 5(2)(b)
Sch. para. 2 words substituted by Financial Services Act 2012 (Mutual Societies) 2013 Sch. 10 para. 5(2)(b)

Either:

(a)

a summary of the most recently published and audited balance sheet of the transferring society and its connected undertakings (which must not relate to a period ended more than twelve months prior to the date of the merger notification statement), or

(b)

if such a balance sheet is not available, the audited financial position of the transferring society and its connected undertakings at the most reasonably practicable date and in any case not more than six months prior to the date of the merger notification statement and the opinion of the society’s auditor, or of some other person qualified to be the auditor of the society pursuant to paragraph 5 of Schedule 11 (Auditors: Appointment, Tenure, Qualifications) to the Act^f1 as to the statement of the financial position.

Annotations

Footnotes

f1: Paragraph 5 of Schedule 11 was amended by S.I. 1991/1997, S.I. 1995/2723 and section 43 of and paragraph 61 of Schedule 7 to the Building Societies Act 1997.