(1) In this Part -
"annual accounts", in relation to a friendly society or registered branch, means - (a) the individual accounts required by section 69A, and (b) any group accounts required by section 69E, together with the notes to those accounts;
"firm", means any entity, whether or not a legal person, that is not an individual and includes a body corporate, a corporation sole, and a partnership or other unincorporated association;
"IAS accounts", means IAS individual accounts or IAS group accounts;
"income and expenditure account", in relation to a friendly society or registered branch which prepares IAS accounts, includes an income statement or other equivalent financial statement required to be prepared by UK-adopted international accounting standards;
"non-directive friendly society", means a registered friendly society - (a) to which subsections (2) and (3) of section 37 (restriction of combinations of business do not apply; and (b) which does not carry on
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