Regulation 8 Notes to annual accountsI1
United Kingdom
The annual accounts of a single accounts society must, subject to paragraph (6) below, include notes to them containing the material specified, and set out in the manner specified, in Schedule 4 below, as well as the notes required to be included by other provisions of these Regulations.
The annual accounts of a group accounts society must, subject to paragraph (6) below and any provision in Schedule 4 below which indicates otherwise, include notes to them containing:
in respect of the society; and
in respect of the society and its subsidiaries in combination,
the material specified, and set out in the manner specified, in Schedule 4 below, as well as the notes required to be included by other provisions of these Regulations.
For the purposes of paragraph (2)(b) above:
any reference in F1... Schedule 4 below to a society must be taken as a reference to the society and its subsidiaries in combination; and
each associated body of the society which is not a subsidiary must be treated as an associated body of the group.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The annual accounts of a non-directive society must include notes to them containing the material from Schedule 4 below as is specified in Part II of Schedule 7 below, (and such material must be, as far as is possible, set out in the manner specified in Schedule 4 below), as well as the notes required to be included by other provisions of these Regulations and in the application of the Schedule to a non-directive society, references in the Schedule to a society are, where appropriate, to be construed as references to a non-directive society.
Paragraphs (1), (2) and (5) above are not to be read as prohibiting the disclosing of any material in the notes to the annual accounts in greater detail than is required by these Regulations.
Annotations
Textual amendments
- F1
Words in reg. 8(3)(a) omitted (29.6.2008 with effect in relation to financial years beginning on or after that date) by virtue of The Friendly Societies (Accounts and Related Provisions) (Amendment) Regulations 2008 (S.I. 2008/1144), reg. 1(2), Sch. para. 1(a)
- F2
Reg. 8(4) omitted (29.6.2008 with effect in relation to financial years beginning on or after that date) by virtue of The Friendly Societies (Accounts and Related Provisions) (Amendment) Regulations 2008 (S.I. 2008/1144), reg. 1(2), Sch. para. 1(b)