{
  "url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992/regulation-6",
  "json_url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992/regulation-6.json",
  "legislation": "uksi/1992/10",
  "legislation_title": "The Income Tax (Building Societies) (Audit Powers) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/income-tax-building-societies-audit-powers-regulations-1992",
  "path": "regulation/6",
  "kind": "regulation",
  "number": "6",
  "heading": "Approval of building society",
  "text": "(1) A building society shall be approved by the Board for the purposes of these Regulations if the conditions specified in paragraphs (2) and (3) are satisfied with respect to that building society.\n(2) The condition specified in this paragraph is that the Board are satisfied that the building society will observe such procedures as will enable it fully to comply with its obligations under regulation 11(4) of the Building Societies Regulations in relation to investments of the kind referred to in regulation 5(a) of these Regulations.\n(3) The condition specified in this paragraph is that the building society reaches agreement with the Board, on the terms and conditions specified in regulation 7, that it will instruct an auditor—\n(a) to carry out the audit specified in that regulation, and\n(b) to make a report in respect of that audit and furnish the report to the Board.\n(4) The Board may, if a building society so requests, restrict their approval of that building society under paragraph (1) to either—\n(a) that part of its business which is carried on through its branches, or\n(b) the remainder of its business.\n(5) If the Board determine to refuse approval of the building society under this regulation, they shall give the building society notice of their determination specifying the reason for their refusal to approve it.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/10/regulation/6",
    "retrieved_at": "2026-10-29T14:31:24.830888+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}