(1) The Building Societies (Accounts and Related Provisions) Regulations 1998 [S.I. 1998/504, to which there are amendments not relevant to this Order.] are amended as follows.

(2) In the definition of "undertaking" in regulation 2 (interpretation), for "section 259(1) of the Companies Act 1985" substitute "section 1161(1) of the Companies Act 2006".

(3) In paragraph (6) of regulation 4 (group accounts: supplementary provisions), for "section 258 of the Companies Act 1985 (definition of "parent undertaking")" substitute "section 1162 of the Companies Act 2006 (parent and subsidiary undertakings)".

(4) In paragraph (11) of regulation 4, for "section 258 of the Companies Act 1985" substitute "section 1162 of the Companies Act 2006".

(5) In paragraph 7 of Schedule 4 (form and content of the annual accounts of a group accounts society) -

(a) for "paragraph 10 of Schedule 4A to the Companies Act 1985" substitute "paragraph 10 of Schedule 6 to the Large and Medium–sized Companies and Groups (Accounts and Reports) Regulations 2008" [S.I. 2008/410, to which there are amendments not relevant to this Order.];

(b) for "paragraph 11 of the said Schedule 4A" substitute "paragraph 11 of the said Schedule 6".