[Part I Societies Not Required to Prepare Consolidated Group Accounts]
Friendly Societies Act 1992 (1992 c 40) | Legislation

[SCHEDULE 13E Disclosures about Related Undertakings]

[Section 69K]

[Part I Societies Not Required to Prepare Consolidated Group Accounts]

[Subsidiary undertakings

1

(1)     The following information must be given with respect to the undertakings that are subsidiary undertakings of the society at the end of the financial year.

(2)     The name of each subsidiary undertaking must be stated.

(3)     There must be stated with respect to each subsidiary undertaking—

(a)     if it is incorporated outside the United Kingdom, the country in which it is incorporated; or

(b)     if it is incorporated in the United Kingdom, whether it is registered in England and Wales, Scotland or in Northern Ireland.

(4)     The specific reason why each subsidiary undertaking is not required to be included in consolidated accounts must be stated.

Holdings in subsidiary undertakings

2

(1)     There must be stated in relation to shares of each class held by the society in a subsidiary undertaking—

(a)     the identity of the class; and

(b)     the proportion of the nominal value of the shares of that class represented by those shares.

(2)     The shares held by or on behalf of the society itself must be distinguished from those

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