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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 12 May 2011 - onwards
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Regulation 2 Interpretation

In these Regulations -

"the Act" means the Building Societies Act 1986;

"group" means a society and its subsidiary undertakings;

"group accounts society" means a society the directors of which are obliged by section 72E of the Act (duty to prepare group accounts);

"particular account" means an income and expenditure account or a balance sheet;

"subsidiary undertaking" means a subsidiary undertaking of a group accounts society with which the group accounts of the society are required by section 72E of the Act to deal;

"single accounts society" means a society which is not a group accounts society;

"society" means a building society; and

"undertaking" has the meaning given to that word in section 1161(1) of the Companies Act 2006.

Comparing proposed amendment...