# The Industrial and Provident Societies (Group Accounts) Regulations 1969, Paragraph 15


A society which is an insurance company to which the Insurance Companies Act 1958 applies and which conducts as its main business the business of insurance within the meaning of that Act shall not be subject to the following requirements of this Schedule, that is to say—
(a) as respects Part I of this Schedule, sub-paragraphs (1), (3) and (4) of paragraph 3, sub-paragraphs (b) and (c) of paragraph 4 and sub-paragraphs (a), (b), (c), (d), (e), (g), (h), (i) and (j) of paragraph 7;
(b) as respects Part II of this Schedule, sub-paragraphs (a), (b), (e) and (f) of paragraph 10, and sub-paragraph (b) of paragraph 14:
but, where in its balance sheet reserves or provisions (other than provisions for depreciation, renewals or diminution in value of assets) are not stated separately, any heading stating an amount arrived at after taking into account a reserve or such a provision shall be so framed or marked as to indicate that fact, and its revenue account shall indicate by appropriate words the manner in which the amount stated for the society's profit and loss has been arrived at,

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Source: https://www.legislation.gov.uk/uksi/1969/1037/schedule/paragraph/15 (the official version)
Page: https://openlegislation.uk/industrial-and-provident-societies-group-accounts-regulations-1969/schedule/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.