The Building Societies Act 1986 (International Accounting Standards and Other Accounting Amendments) Order 2004 No. 3380

SCHEDULE U.K. Consequential amendments to the 1986 Act

8.  In paragraph 31 of Schedule 2 (members' right to propose and circulate resolutions)— U.K.

(a) in sub-paragraph (2)(a)(i), for “section 72” substitute “section 72A or 72E”;

(b) in paragraph (2)(a)(i)(aa), for “under section 73(7)” substitute” “under section 72C or 72G or in accordance with international accounting standards, as appropriate”; and

(c) after sub-paragraph (8) insert—

“(9) For the purposes of this paragraph “liquid assets” and “fixed assets”, in the case of societies which produce IAS individual accounts or IAS group accounts, have the same meaning as given in section 6(16).”.

Commencement Information

I1 Sch. para. 8 in force at 22.12.2004, see art. 1(2)