Statutory Instrument 1995 No. 3065

The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1995

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© Crown Copyright 1995

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1995 No. 3065

BUILDING SOCIETIES

The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1995

The Building Societies Commission, with the consent of the Treasury, in exercise of the powers conferred on it by section 76(3) and (4) of the Building Societies Act 1986^[1], hereby makes the following Regulations:

Citation and Commencement
    1.    These Regulations may be cited as the Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1995 and shall come into force on 1st January 1996.

Amendment of principal Regulations
    2.    The Building Societies (Accounts and Related Provisions) Regulations 1992^[2] shall be amended as follows —
 (a) regulation 10(2)(b) shall be omitted; and
 (b) there shall be substituted for Schedule 10 the provisions set out in the Schedule to these Regulations.

Transitional Provision
    3.    A society may, with respect to a financial year which commenced before the coming into force of these Regulations, prepare such summary financial statement as it would have been required to prepare had these Regulations not been made.

In witness whereof the common seal of the Building Societies Commission is hereto fixed, and is authenticated by me, a person authorised under paragraph 14 of Schedule 1 to the Building Societies Act 1986, on


Joy Dennis

Secretary to the Commission

27th November 1995.
We consent to these Regulations.

S. Burns

D. Conway

Two of the Lords Commissioners of Her Majesty's Treasury

4th December 1995

[1] 1986 c. 53; section 76(2) was amended by article 3 of the Building Societies Act 1986 (Modifications) Order 1991 (S.I. 1991/1729). back

[2] S.I. 1992/359, to which there are amendments not relevant to these Regulations. back

Explanatory Note