UK Statutory Instrument SI 1998/504 United Kingdom

The Building Societies (Accounts and Related Provisions) Regulations 1998

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader26 Any Person18 Director or Officer11 Employer1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties
Any Person — also bound by 2340 other Acts
Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.003 Annual accounts Regulated
  • Prepare annual accounts in specified formatsTrader
s.004 Group accounts: supplementary provisions Regulated
  • Prepare group accounts including all subsidiary undertakingsDirector or Officer
s.007 Accounting principles and rules Regulated
  • Prepare annual accounts in line with Building Societies Act rulesEmployer
s.009 Annual business statement Regulated
  • Prepare and publish annual business statement with specified contentTrader
s.010 Summary financial statement Regulated
  • Prepare summary financial statement in prescribed formatAny Person
s.012 Transitional provisions Regulated
  • Record or estimate transitional items in accounts and disclose estimatesAny Person
52 other provisions — procedural and definitional
sch. 1 para. 1 sch. 1 para. 1
sch. 1 para. 2 sch. 1 para. 2
sch. 1 para. 3 sch. 1 para. 3
sch. 1 para. 7 sch. 1 para. 7
sch. 2 para. 1 sch. 2 para. 1
sch. 2 para. 2 sch. 2 para. 2
sch. 2 para. 3 sch. 2 para. 3
s.001 Citation and commencement
s.001 Interest receivable and similar income (a) (i) On loans fully... (opens in a new tab)
s.002 Interpretation
s.002 Interest payable and similar charges (a) (i) On shares held... (opens in a new tab)
s.003 Net interest receivable (opens in a new tab)
s.004 Accounts in euro
s.004 Income from investments (a) Income from equity shares [and other... (opens in a new tab)
s.005 Notes to annual accounts
s.005 Fees and commissions receivable (opens in a new tab)
s.006 Holdings in undertakings
s.006 Fees and commissions payable (opens in a new tab)
s.007 Net profit or loss on financial operations (opens in a new tab)
s.008 Directors' report
s.008 Other operating income (opens in a new tab)
s.009 Administrative expenses (a) Staff costs (i) Wages and salaries (opens in a new tab)
s.010 Depreciation and amortisation (opens in a new tab)
s.011 Interpretation of Schedules
s.011 Other operating charges (opens in a new tab)
s.012 Provisions (a) Provisions for bad and doubtful debts (opens in a new tab)
s.013 Revocation
s.013 Adjustments to provisions (a) Adjustments to provisions for bad and... (opens in a new tab)
s.014 Amounts written off fixed asset investments (opens in a new tab)
s.015 Adjustments to amounts written off fixed asset investments (opens in a new tab)
s.016 Profit or loss on ordinary activities before tax (opens in a new tab)
s.017 Tax on profit or loss on ordinary activities (opens in a new tab)
s.018 Profit or loss on ordinary activities after tax (opens in a new tab)
s.019 Extraordinary income (opens in a new tab)
s.020 Extraordinary charges (opens in a new tab)
s.021 Extraordinary profit or loss (opens in a new tab)
s.022 Tax on extraordinary profit or loss (opens in a new tab)
s.023 Extraordinary profit or loss after tax (opens in a new tab)
s.024 Other taxes not shown under the preceding items (opens in a new tab)
s.025 Profit or loss for the financial year (opens in a new tab)
s.s.a Assets
s.s.b LOANS AND ADVANCES TO CUSTOMERS
s.s.c INVESTMENTS
s.s.d INTANGIBLE FIXED ASSETS
s.s.e TANGIBLE FIXED ASSETS (a) Land and buildings
s.s.f OTHER ASSETS
s.s.g PREPAYMENTS AND ACCRUED INCOME
s.s.h TOTAL ASSETS
s.s.i SUBSCRIBED CAPITAL
s.s.j REVALUATION RESERVE
s.s.k RESERVES (a) General reserves (b) Other reserves
s.s.l TOTAL LIABILITIES
Schedules

Schedules

50 of 176 shown
s.sch004 (1) There shall be stated in a note to the... Regulated
  • Disclose cumulative goodwill written off in notes to accountsTrader
s.sch004 Where during the financial year there has been a disposal... Regulated
  • Disclose details of significant disposals of subsidiaries in annual accountsAny Person
s.sch004 Minority interests Regulated
  • Show minority interests in financial statementsAny Person
s.sch004 (1) Where assets and liabilities to be included in the... Regulated
  • Adjust subsidiary asset values to match group accounting rulesDirector or Officer
s.sch004 Any differences of accounting rules as between a society’s individual... Regulated
  • Disclose differences in accounting rules between individual and consolidated accountsAny Person
s.sch004 Elimination of group transactions Regulated
  • Remove internal group transactions from consolidated accountsTrader
s.sch004 An acquisition shall be accounted for by the acquisition method... Regulated
  • Account for acquisitions using the acquisition or merger methodTrader
s.sch005 Accounting policies Regulated
  • State accounting policies and compliance with accounting standards in annual accountsAny Person
s.sch005 Miscellaneous matters Regulated
  • State the effect of prior-year amounts and exceptional transactions in accountsAny Person
s.sch005 Maturity analysis Regulated
  • Disclose maturity analysis of certain asset and liability itemsAny Person
s.sch005 Transferable securities Regulated
  • Show transferable securities split by listed/unlisted status and holding purposeDirector or Officer
s.sch005 Subordinated liabilities Regulated
  • Disclose details of large subordinated borrowings in your accountsTrader
s.sch005 Fixed cumulative interest Regulated
  • Disclose arrears of fixed cumulative interest in accountsAny Person
s.sch005 Details of assets charged Regulated
  • Disclose details of assets charged in your balance sheetTrader
s.sch005 Particulars shall be given of any charge on the assets... Regulated
  • Disclose charges on assets securing third-party liabilitiesAny Person
s.sch005 Memorandum items: subsidiary undertakings Regulated
  • Disclose contingent liabilities and commitments for subsidiariesTrader
s.sch005 Leasing transactions Regulated
  • Disclose total value of leased non-land assets in your accountsTrader
s.sch005 Sundry assets and liabilities, prepayments and accrued income and accruals and deferred income Regulated
  • Disclose material sundry assets and liabilities in accountsTrader
s.sch005 Other miscellaneous matters Regulated
  • Include comparative figures in notes to annual accountsTrader
s.sch005 Information where investment property and living animals and plants are included at fair value Regulated
  • Disclose fair value details for investment property and biological assetsTrader
s.sch005 Related Party Transactions Regulated
  • Disclose material related party transactions in annual accountsAny Person
s.sch007 (1) Where a fixed asset investment of a description falling... Regulated
  • Write down fixed assets with permanent loss in value and disclose in notesTrader
s.sch007 Development costs Regulated
  • Capitalise development costs only in line with accounting standards, and disclose write-off period and reasonsTrader
s.sch007 Financial fixed assets Regulated
  • Account for debt securities at maturity value with amortisation of premium/discountTrader
s.sch007 (1) If the net realisable value of any current asset... Regulated
  • Value current assets at net realisable value if lower than costTrader
s.sch007 General rules Regulated
  • Do not offset assets against liabilities in building society accounts, except where permittedTrader
s.sch007 (1) Assets shall be shown under the relevant balance sheet... Regulated
  • Show pledged assets correctly on your balance sheetAny Person
s.sch007 Preliminary expenses, expenses of and commission on any issue of... Regulated
  • Do not capitalise preliminary expenses, share issue costs, or research costs on your balance sheetAny Person
s.sch007 Excess of money owed over value received as an asset item Regulated
  • Write off excess debt over asset value before repaymentAny Person
s.sch007 To the extent that debt securities included in a society’s... Regulated
  • Disclose valuation method for cost-valued debt securities in annual accountsDirector or Officer
s.sch007 Accounting policies shall be applied consistently within the same accounts... Regulated
  • Apply accounting policies consistently every yearTrader
s.sch007 (1) This paragraph applies where the amounts to be included... Regulated
  • Disclose alternative valuation bases and historical cost comparatives in accountsAny Person
s.sch007 Accounting for changes in value of financial instruments Regulated
  • Account for changes in financial instrument values in income and expenditure accountTrader
s.sch007 The fair value reserve Regulated
  • Adjust fair value reserve and disclose tax treatment in accountsTrader
s.sch007 (1) Subject to sub-paragraph (2), any difference between the amount... Regulated
  • Record foreign exchange differences in accounts correctlyTrader
s.sch007 (1) The amount of any item shall be determined on... Regulated
  • Prepare accounts on a prudent basis with realised profits and all liabilitiesTrader
s.sch007 In the case of any fixed asset which has a... Regulated
  • Depreciate fixed assets with limited useful life systematicallyTrader
s.sch008 Miscellaneous Regulated
  • List all directors who served during the financial yearDirector or Officer
s.sch008 New activities Regulated
  • Describe any new business activities in the directors' reportDirector or Officer
s.sch008 Financial risk management objectives and policies Regulated
  • Disclose financial risk management policies and exposures in directors' reportDirector or Officer
s.sch008 The directors' report shall contain— (a) a statement of the... Regulated
  • Include business objectives, key events and future developments in directors' reportDirector or Officer
s.sch008 Directors' interests Regulated
  • Disclose directors' interests in connected undertakings in annual reportDirector or Officer
s.sch008 Employee information Regulated
  • Report on disability employment and employee involvement policies in directors' reportTrader
s.sch008 Supplier payment policy Regulated
  • Disclose supplier payment policy and average payment days in directors' reportDirector or Officer
s.sch009 Statutory percentages Regulated
  • Include statutory percentages and explanations in annual business statementAny Person
s.sch009 Other percentages Regulated
  • Include specified financial percentages in annual business statementAny Person
s.sch009 Information relating to directors and other officers Regulated
  • Include director and non-cash asset details in annual business statementAny Person
s.sch009 (1) The annual business statement of a society shall state,... Regulated
  • Disclose details of directors' and CEO's service contracts in annual business statementTrader
s.sch010 The Summary Directors' Report (which is required by section B... Regulated
  • Prepare Summary Directors' Report covering business review and outlookDirector or Officer
s.sch010 There shall be included as a note to the Summary... Regulated
  • Explain each key financial ratio in the summary noteTrader
126 other schedules
s.sch001 Minority interests in extraordinary profit or loss after tax
s.sch001 Other taxes not shown under the preceding items
s.sch001 Profit or loss for the financial year
s.sch002 Liability item F in each of Parts I and II...
s.sch002 (1) Liability item H in each of Parts I and...
s.sch002 Liability item I in each of Parts I and II...
s.sch002 Memorandum item A in each of Parts I and II...
s.sch002 Memorandum item A(b) in each of Parts I and II...
s.sch002 Memorandum item B in each of Parts I and II...
s.sch002 (1) The following rules apply where a society (or the...
s.sch002 (1) For the purpose of this paragraph “managed funds” are...
s.sch002 (1) Where a society (or the society and its subsidiary...
s.sch002 (a) Asset item D in each of Parts I and...
s.sch002 Asset item G in each of Parts I and II...
s.sch002 Liability item A(a) in each of Parts I and II...
s.sch002 For the purpose of Liability item D in each of...
s.sch002 With agreed maturity dates or periods of notice
s.sch002 TOTAL LIABILITIES
s.sch003 In Parts I and II— (a) items 2 and 8...
s.sch003 Where subsidiary undertakings have been acquired or disposed of during...
s.sch003 (1) There shall be inserted in the notes to the...
s.sch003 (1) Where in any item in a statement in Part...
s.sch004 General rules
s.sch004 (1) The following information with respect to acquisitions taking place...
s.sch004 The information required by paragraph 10, 11 or 12 need...
s.sch004 For the purposes only of paragraphs 9, 10, 12 and...
s.sch004 Interests in subsidiary undertakings excluded from consolidation
s.sch004 Foreign currency translation
s.sch004 Amounts which in the particular context of any provision of...
s.sch004 Acquisition accounting
s.sch004 (1) The acquisition method of accounting is set out in...
s.sch004 (1) Where a group is acquired paragraph 8 applies with...
s.sch005 Interpretation of provisions regarding directors' remuneration
s.sch005 Other income and expenditure items
s.sch005 Persons who are to be regarded as associates of a society’s auditors
s.sch005 Taxation
s.sch005 Provisions for bad and doubtful debts
s.sch005 Sums denominated in foreign currencies
s.sch005 Fixed assets
s.sch005 Reserves and provisions
s.sch005 Subscribed capital
s.sch005 Guarantees and other financial commitments
s.sch005 Employees
s.sch005 Assets and liabilities denominated in a currency other than sterling
s.sch005 Unmatured forward transactions
s.sch005 Directors' loans and transactions
s.sch005 Information about fair value of financial instruments
s.sch005 Aggregate amount of directors' remuneration etc.
s.sch005 Details of individual directors' remuneration etc.
s.sch005 Excess retirement benefits of directors and past directors
s.sch005 Compensation to directors for loss of office
s.sch005 Sums paid to third parties in respect of directors' services
s.sch005 Supplementary provisions regarding directors' remuneration
s.sch006 Subsidiary undertakings
s.sch006 Holdings in subsidiary undertakings
s.sch006 Financial information about subsidiary undertakings not included in the consolidation
s.sch006 Associated undertakings
s.sch006 Other significant holdings of society or group
s.sch006 (1) The name of the undertaking shall be stated.
s.sch006 (1) There shall also be stated— (a) the aggregate amount...
s.sch006 (1) The information required by paragraphs 17 and 18 shall...
s.sch006 (1) The name of the undertaking shall be stated.
s.sch006 (1) There shall also be stated— (a) the aggregate amount...
s.sch006 Construction of references to shares held by society or group
s.sch006 Holdings in subsidiary undertakings
s.sch006 The information required by paragraphs 6, 14 and 17 of...
s.sch006 Financial information about subsidiary undertakings
s.sch006 Financial years of subsidiary undertakings
s.sch006 Significant holdings in undertakings other than subsidiary undertakings
s.sch006 (1) The name of the undertaking shall be stated.
s.sch006 (1) There shall also be stated— (a) the aggregate amount...
s.sch006 Construction of references to shares held by society
s.sch006 Subsidiary undertakings
s.sch007 Subject to paragraph 7, the amounts to be included in...
s.sch007 Goodwill
s.sch007 The amount to be included in respect of Asset items...
s.sch007 The society shall be presumed to be carrying on business...
s.sch007 Assets acquired in the name of and on behalf of...
s.sch007 The directors of a society shall, in determining how amounts...
s.sch007 Determination of cost
s.sch007 (1) Subject to the qualification mentioned below, the cost of...
s.sch007 Substitution of original amount where cost unknown
s.sch007 The rules set out in paragraphs 8 to 25 of...
s.sch007 Subject to paragraphs 29, 30 and 31, the amounts to...
s.sch007 (1) Intangible fixed assets, other than goodwill, may be included...
s.sch007 (1) Where the value of any asset of a society...
s.sch007 (1) With respect to any determination of the value of...
s.sch007 Inclusion of financial instruments at fair value
s.sch007 Methods for determining fair value
s.sch007 Hedged items
s.sch007 Other assets which may be included at fair value
s.sch007 (1) Subject to the following sub-paragraphs, amounts to be included...
s.sch007 Except so far as these Regulations otherwise specify, income and...
s.sch007 In determining the aggregate amount of any item the amount...
s.sch007 If it appears to the directors of a society that...
s.sch007 General rules
s.sch008 Land and buildings
s.sch008 Political and charitable gifts
s.sch008 Percentages
s.sch008 Mortgage arrears
s.sch010 Where there are extraordinary items in the income and expenditure...
s.sch010 In this Schedule “relevant year”, in relation to a summary...
s.sch010 In sections C and D of Part I and Part...
s.sch010 Any amount or percentage required to be included in section...
s.sch010 Sections C and D of Part I or Part IA...
s.sch010 Subject to paragraph 3, in section C of Part I—...
s.sch010 Subject to paragraph 3, the items in section C of...
s.sch010 A heading for an item contained in section C of...
s.sch010 Subject to paragraph 3, in section D of Part I—...
s.sch010 Subject to paragraph 3, the items in section D of...
s.sch010 There shall be disclosed as a note to the Summary...
s.sch011 The following paragraphs apply for the purposes of the interpretation...
s.sch011 Scots land tenure
s.sch011 Staff costs
s.sch011 Amounts repayable
s.sch011 Financial instruments
s.sch011 Other defintions
s.sch011 (1) The expressions listed in sub-paragraph (2) have the same...
s.sch011 Balance sheet date
s.sch011 Capital
s.sch011 Leases
s.sch011 Listed securities
s.sch011 Loans
s.sch011 Materiality
s.sch011 Participating interest
s.sch011 Provisions

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