# Standard Life Assurance Company Act 1991, Paragraph 85: Accounts to be kept


The directors shall cause full and true books and accounts to be kept in such form as shall seem to them most suitable for preserving an accurate and distinct view of the affairs of the Company. The books of account shall show—
(1) the sums of money received and expended by the Company and the matters in respect of which such receipt and expenditure take place;
(2) the assets and liabilities of the Company; and
(3) the separate transactions relative to separate funds of the Company.

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Source: https://www.legislation.gov.uk/ukla/1991/3/schedule/paragraph/85 (the official version)
Page: https://openlegislation.uk/standard-life-assurance-company-act-1991/schedule/paragraph-85
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.