# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 24F: The fair value reserve


(1) The fair value reserve shall be adjusted to the extent that the amounts shown in it are no longer necessary for the purposes of paragraph 24E (3) or (4).
(2) The treatment for taxation purposes of amounts credited to or debited from the fair value reserve shall be disclosed in a note to the accounts.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/6/paragraph/24F (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-6/paragraph-24F
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.