The Building Societies Act 1986 (Accounts, Audit and EEA State Amendments) Order 2008 No. 1519

Article 7

SCHEDULE 2 U.K. Consequential amendments of the 1986 Act

1.  The 1986 Act is amended as follows. U.K.

Commencement Information

I1 Sch. 2 para. 1 in force at 29.6.2008, see art. 1(2)

2.  In section 74 (duty of directors to prepare annual business statement), in subsection (6), for “auditors” substitute “auditor”. U.K.

Commencement Information

I2 Sch. 2 para. 2 in force at 29.6.2008, see art. 1(2)

3.  In section 76 (summary financial statement for members and depositors)(1)— U.K.

(a) in subsection (5), for “auditors’ opinion” substitute “auditor’s opinion”;

(b) in subsection (8A)(b), for “auditors’ report” substitute “auditor’s report” in both places where it occurs;

(c) in subsection (9), for “auditors’ report” substitute “auditor’s report” in both places where it occurs.

Commencement Information

I3 Sch. 2 para. 3 in force at 29.6.2008, see art. 1(2)

4.  In section 78 (auditors’ report)(2)— U.K.

(a) in subsection (1)—

(i) for “auditors” substitute “auditor”;

(ii) for “their” substitute “his”;

(b) in subsection (2), for “auditors’ report” substitute “auditor’s report”;

(c) in subsection (3)—

(i) for “auditors shall, in their” substitute “auditor shall, in his”;

(ii) for “them” substitute “him”;

(d) in subsection (3A), for “auditors’ report” substitute “auditor’s report”;

(e) in subsection (3B), for “auditors’ opinion” substitute “auditor’s opinion”;

(f) in subsection (4A)—

(i) in the opening words, for “auditors’ report” substitute “auditor’s report”;

(ii) in paragraph (b), for “auditors wish” substitute “auditor wishes”;

(g) in subsection (6)—

(i) for “auditors’ report” substitute “auditor’s report” in both places where it occurs;

(ii) for “their opinion” substitute “his opinion”;

(h) in subsection (7)—

(i) for “auditors’ report” substitute “auditor’s report”;

(ii) for “they have” substitute “he has”;

(iii) for “auditors” substitute “auditor”;

(i) in subsection (8), for “auditors’ report” substitute “auditor’s report”;

(j) in subsection (9), for “auditors” substitute “auditor”;

(k) in subsection (10)—

(i) for “auditors’ report” substitute “auditor’s report”;

(ii) for “their opinion” substitute “his opinion”, in both places where it occurs;

(iii) for “they shall include in their” substitute “he shall include in his”;

(iv) for “they are” substitute “he is”;

(l) in the heading, for “Auditors’ report” substitute “Auditor’s report”.

Commencement Information

I4 Sch. 2 para. 4 in force at 29.6.2008, see art. 1(2)

5.  In section 79 (auditors’ duties and powers)— U.K.

(a) in subsection (1)—

(i) for “auditors” substitute “auditor”;

(ii) for “their” substitute “his”;

(iii) for “them” substitute “him”;

(b) in subsection (2)—

(i) for “auditors are” substitute “auditor is”;

(ii) for “they” substitute “he”;

(iii) for “their report” substitute “his report”;

(c) in subsection (4)(a)—

(i) for “its auditors” substitute “its auditor”;

(ii) for “the society’s auditors” substitute “the society’s auditor”;

(iii) for “those auditors” substitute “that auditor”;

(iv) for “their duties as auditors” substitute “his duties as auditor”;

(d) in subsection (4)(b), for “its auditors” substitute “its auditor”;

(e) in subsection (6)—

(i) for “auditors fail” substitute “auditor fails”;

(ii) for “their” substitute “his”, in each place where it occurs;

(iii) for “they” substitute “he”;

(f) in subsection (7)—

(i) in the opening words, for “auditors” substitute “auditor”;

(ii) in paragraph (b)—

(aa) for “they attend” substitute “he attends”;

(bb) for “them as auditors” substitute “him as auditor”;

(g) in subsection (9)—

(i) in the opening words, for “auditors” substitute “auditor”;

(ii) in paragraph (a), for “auditors require, or are entitled to require, as auditors” substitute “auditor requires, or is entitled to require, as auditor”;

(h) in the heading, for “Auditors’ duties and powers” substitute “Auditor’s duties and powers”.

Commencement Information

I5 Sch. 2 para. 5 in force at 29.6.2008, see art. 1(2)

6.  In section 80 (signing of balance sheet: documents to be annexed), in subsection (6)(d), for “auditors’ report” substitute “auditor’s report”. U.K.

Commencement Information

I6 Sch. 2 para. 6 in force at 29.6.2008, see art. 1(2)

7.  In section 81A (requirements in connection with publication of accounts)(3)— U.K.

(a) in subsection (1), for “auditors’ report” substitute “auditor’s report”;

(b) in subsection (3)—

(i) in paragraph (c), for “auditors have” substitute “auditor has”;

(ii) in paragraph (d)—

(aa) in the opening words, for “auditors’ report” substitute “auditor’s report”;

(bb) in sub-paragraph (i), for “auditors” substitute “auditor”;

(cc) in the closing words, for “auditors’ report” substitute “auditor’s report”.

Commencement Information

I7 Sch. 2 para. 7 in force at 29.6.2008, see art. 1(2)

8.  In Schedule 11 (auditors: appointment etc)— U.K.

(a) in paragraph 1(1)—

(i) for “first auditors” substitute “first auditor”;

(ii) for “and auditors” substitute “and an auditor”;

(b) in paragraph 3(1), for “auditors are” substitute “auditor is”.

Commencement Information

I8 Sch. 2 para. 8 in force at 29.6.2008, see art. 1(2)

(1)

Section 76, subsections (8) and (8A) were substituted for subsection (8), as originally enacted, by S.I. 2001/2617.

(2)

Section 78, subsections (3A), (3B), (4) and (4A) were substituted for subsections (4) and (5), as originally enacted, by S.I. 2004/3380.

(3)

Section 81A was inserted by S.I. 2004/3380.