(1) Where, at anytime during a financial year of a building society, a person both is an officer of a society and is, or is a director of or a partner in, a business associate of the society, this section shall apply as respects that year to the society in relation to the relevant service provided to the society by the business associate.
(2) A person is a "business associate" of a society in any financial year of the society if that person -
(a) carries on a business which consists of or includes the provision of relevant services,
(b) provides relevant services during that year to the society, and
(c) is not a subsidiary of the society.
(3) Subject to this section, a society shall maintain at its chief office a register containing the particulars required by subsection (4) in relation to every business associate of the society.
(4) The particulars referred to in subsection (3) are the aggregate amount of fees paid to the business associate by the society or on its behalf in respect o
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