SCHEDULES
SCHEDULE 9
PART IICONSOLIDATED ACCOUNTS
Information as to undertaking in which shares held as a result of financial assistance operation7
1
The following provisions apply where the parent company of a banking group has a subsidiary undertaking which:
a
is a credit institution of which shares are held as a result of a financial assistance operation with a view to its reorganisation or rescue; and
b
is excluded from consolidation under Article 237(3)(c) (interest held with a view to resale).
2
Information as to the nature and terms of the operations shall be given in a note to the group accounts and there shall be appended to the copy of the group accounts delivered to the registrar in accordance with Article 250 a copy of the undertaking's latest individual accounts and, if it is a parent undertaking, its latest group accounts.
If the accounts appended are required by law to be audited, a copy of the auditors' report shall also be appended.
3
If any document required to be appended is in a language other than English, the directors shall annex a translation of it into English, certified in the prescribed manner to be a correct translation.
4
The above requirements are subject to the following qualifications:
a
an undertaking is not required to prepare for the purposes of this paragraph accounts which would not otherwise be prepared, and if no accounts satisfying the above requirements are prepared none need be appended;
b
the accounts of an undertaking need not be appended if they would not otherwise be required to be published, or made available for public inspection, anywhere in the world, but in that case the reason for not appending the accounts shall be stated in a note to the consolidated accounts.
5
Where a copy of an undertaking's accounts is required to be appended to the copy of the group accounts delivered to the registrar, that fact shall be stated in a note to the group accounts.
6
Paragraphs (2) to (4) of Article 250 (penalties, &c. in case of default) apply in relation to the requirements of this paragraph as regards the delivery of documents to the registrar as they apply in relation to the requirements of paragraph (1) of that Article.