# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 32: Assets and liabilities denominated in foreign currencies

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

The provisions of this Schedule which relate to long term business apply, with necessary modifications, to business within Classes 1 and 2 of Head B of Schedule 2 to the Act which:
(a) is transacted exclusively or principally according to the technical principles of long term business; and
(b) is a significant amount of the business of the society.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/6/paragraph/32 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-6/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.