# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 12: Acquisition accounting

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

The information required by paragraphs 9, 10, or 11 need not be disclosed with respect to a subsidiary which:
(a) is established under the law of a country outside the United Kingdom; or
(b) carries on business outside the United Kingdom,
if in the opinion of the committee of management of the society the disclosure would be seriously prejudicial to the business of that subsidiary or to the business of the society or any of its subsidiaries and the appropriate authority agrees that the information should not be disclosed.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/3/paragraph/12 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-3/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.