Regulation 3 Information to be provided to the Board — gross payments

This regulation applies to gross payments made by building societies in respect of investments which are not excluded investments.

Where this regulation applies, the Board may by notice require a building society to furnish them, within such time (not being less than 14 days) as may be provided by the notice, such information (including copies of any relevant books, documents or other records) as they may reasonably require for the purposes of determining whether payments made by that building society were properly made without deduction of tax.