Section 13: Banks making transfers under section 2: information in directors’ reports
65.This section requires banks which participate in the alternative scheme for smaller institutions and transfer money under section 2 to report on the amounts of money transferred to charities under that scheme and the identity of the charities. Similar reporting obligations will be imposed on building societies which participate in this scheme by way of amendments to the Building Societies (Accounts and Related Provisions) Regulations 1998 (SI 1998/504) which were made under section 75 of the Building Societies Act 1986.