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Building Societies (Accounts and Related Provisions) Regulations 1998 [SI 1998 No. 504]Introductory TextRegulation 1 Citation and commencementRegulation 2 InterpretationRegulation 3 Annual accountsRegulation 4 Group accounts: supplementary provisionsRegulation 4A Accounts in euroRegulation 5 Notes to annual accountsRegulation 6 Holdings in undertakingsRegulation 7 Accounting principles and rulesRegulation 8 Directors' reportRegulation 9 Annual business statementRegulation 10 Summary financial statementRegulation 11 Interpretation of SchedulesRegulation 12 Transitional provisionsRegulation 13 RevocationSchedule 1Schedule 1, Part I Format of society income and expenditure accountSchedule 1, Part II Format of consolidated income and expenditure accountSchedule 1, Part III Provisions applicable to Parts I and IISchedule 2Schedule 2, Part I Format of society balance sheetSchedule 2, Part II Format of consolidated balance sheetSchedule 2, Part III Provisions applicable to Parts I and IISchedule 3Schedule 3, Part I Format of society statement of the source and application of fundsSchedule 3, Part II Format of consolidated statement of the source and application of fundsSchedule 3, Part III Provisions applicable to Parts I and IISchedule 4 Form and content of the annual accounts of a group accounts societySchedule 5 Notes to annual accountsSchedule 6 Notes to annual accounts: information in respect of holdings in undertakingsSchedule 6, Part I Societies not required to prepare consolidated accounts (paras. 1-8)Schedule 6, Part II Societies required to prepare consolidated accounts (paras. 9-19)Schedule 6, Part III Supplementary provisions (para. 20)Schedule 7 accounting principles and rulesSchedule 7, Part I Accounting principles (paras. 1-6)Schedule 7, Part II Departure from accounting principles (para. 7)Schedule 7, Part III Fixed assets (paras. 8-13)Schedule 7, Part IV Current assets (paras. 14-16)Schedule 7, Part V Other accounting rules (paras. 17-25)Schedule 7, Part VI Alternative accounting rules (paras. 26-31)Schedule 7, Part VIA Valuation at Fair Value (paras. 31A-31F)Schedule 7, Part VII Assets and liabilities denominated in foreign currencies (paras. 32-33)Schedule 8 Directors' reportSchedule 9 Annual business statementSchedule 10 Summary financial statementSchedule 10, Part I Format of summary financial statement (Building Societies Act accounts society)Schedule 10, Part IA Format of summary financial statement (IAS accounts society)Schedule 10, Part II Provisions applicable to Part ISchedule 11 Interpretation of SchedulesSignatureExplanatory Note
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 18 February 2014 - onwards
Version 5 of 5

Schedule 9 Annual business statement

Regulation 9

Statutory percentages

1.

(1) The annual business statement of a society shall state, as at the end of the financial year with which it deals, the following percentages -

(a) the difference between the values of X and Y as at the balance sheet date, expressed as a percentage of X, where X and Y are calculated for the purposes of section 6(1) of the Act [Section 6 was substituted by section 4 of the Building Societies Act 1997 (c. 32).] and subject to sub-paragraph (3);

(b) the limit for the percentage described in sub-paragraph (a) stated in section 6(1) of the Act;

(c) the difference between the values of X and Y as at the balance sheet date, expressed as a percentage of X, where X and Y are calculated for the purposes of section 7(1) of the Act [Section 7 was substituted by section 8 of the Building Societies Act 1997.]; and

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