# The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Paragraph 34: Assets and liabilities to be included in group accounts


In paragraph 3, after sub-paragraph (1) insert—
“(1A) Sub-paragraph (1) is not to apply to those liabilities items the valuation of which by the undertakings included in a consolidation is based on the application of provisions applying only to insurance undertakings, nor to those assets items changes in the values of which also affect or establish policyholders’ rights.
(1B) Where sub-paragraph (1A) applies, that fact must be disclosed in the notes to the consolidated accounts.”.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110806303/schedule/6/paragraph/34 (the official version)
Page: https://openlegislation.uk/draft-large-and-medium-sized-companies-and-groups-accounts-and-reports-regulations-2008/schedule-6/paragraph-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.