# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 3: Deferred acquisition costs

Extent: E+W+S+N.I.

The costs of acquiring insurance policies which are incurred during a financial year but which relate to a subsequent financial year must be deferred in a manner specified in Note (16) on the balance sheet format.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/2/part/IV/paragraph/3 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-2/part-IV/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.