Paragraph 1

England, Wales and Scotland

(1)

The association shall in respect of its housing activities—

(a)

cause to be kept proper books of account showing its transactions and its assets and liabilities, and

(b)

establish and maintain a satisfactory system of control of its books of account, its cash holdings and all its receipts and remittances.

(2)

The books of account must be such as to enable a true and fair view to be given of the state of affairs of the association in respect of its housing activities, and to explain its transactions in the course of those activities.

Notes on Schedule 3

Textual amendments

F1: Sch. 3 repealed (E.W.) (1.10.1996) by 1996 c. 52, s. 227, Sch. 19 Pt. I; S.I. 1996/2402, art. 3 (with transitional provisions and savings in Sch.); and repealed (S.) (1.10.1996) by virtue of S.I. 1996/2325, art. 4(1), Sch. 1 Pt. II (with art. 4(2)(3))