Subsidiary undertakings
(1) The following information shall be given with respect to the undertakings which are subsidiary undertakings of the society at the end of the financial year.
(2) The name of each undertaking shall be stated.
(3) There shall be stated -
(a) if the undertaking is incorporated outside the United Kingdom, the country in which it is incorporated,
(b) if it is unincorporated, the address of its principal place of business.
(4) It shall be stated whether the subsidiary undertaking is included in the consolidation and, if it is not, the reason for excluding it from consolidation shall be given.
(5) It shall be stated with respect to each subsidiary undertaking by virtue of which of the conditions specified in section 258(2) of the Companies Act 1985 [1985 c. 6; section 258 was inserted by sections 1 and 21 of the Companies Act 1989 (c. 40). The definition of "subsidiary undertaking" in section 258 is applied to building societies by section 119(1