Regulation 3.

Amendments to the Building Societies Act 1986

1. The Building Societies Act 1986 [1986 c. 53.] is amended in accordance with this Part of this Schedule.

2. In Schedule 10C (disclosure of auditor remuneration etc required in notes to accounts)[Schedule 10C was inserted by S.I. 2008/1519.] -

(a) in paragraph 1 -

(i) in sub-paragraph (1)(a), after "auditor" insert ", or an associate of the society's auditor,";

(ii) for sub-paragraph (6)(b) substitute -

"(b) the notes to the individual accounts of -

(i) the society, and

(ii) a subsidiary of the society, where the subsidiary is included in the group accounts and the statutory auditor is the same for both the society and the subsidiary,

do not have to disclose the information required by that provision if the notes state that the group accounts are so required.";

(b) for paragraph 2 substitute -