xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

F1SCHEDULE 9U.K. [F2Special Provisions for Banking Companies and Groups]

Textual Amendments

F1Sch. 9 Pts. I-V (paras. 2-36) renumbered as Part I by Companies Act 1989 (c. 40, SIF 27), ss. 18(3)(4), 213(2), Sch. 7 (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6-9)

F2Sch. 9: heading substituted (2.12.1991) by virtue of S.I. 1991/2705, regs. 5(3), 9

Modifications etc. (not altering text)

C1Sch. 9 (except para. 2(a)-(d), para. 3(c)-(e) and para. 10(1)(c)) applied with modifications by S.I. 1985/680, regs. 4-6, Sch.

[F3PART IU.K. INDIVIDUAL ACCOUNTS]

Textual Amendments

Modifications etc. (not altering text)

C2Sch. 9 Pt. I modified (coming into force in accordance with s. 3 of the amending Act) by 1999 c. iv, ss. 3, 7(6)

CHAPTER 1U.K. GENERAL RULES AND FORMATS

SECTION BU.K.THE REQUIRED FORMATS FOR ACCOUNTS
Special rulesE+W+S
Sale and option to resell transactionsE+W+S

14(1)The following rules apply where a company is a party to a sale and option to resell transaction.

(2)Where the company is the transferor of the assets under the transaction it shall not include in its balance sheet the assets transferred but it shall enter under Memorandum item 2 an amount equal to the price agreed in the event of repurchase.

(3)Where the company is the transferee of the assets under the transaction it shall include those assets in its balance sheet.