SCHEDULE 1Consequential amendments and transitional provision relating to the adoption of international accounting standards in the United Kingdom

PART 1Amendments to Primary Legislation

CHAPTER 2Amendments to other primary legislation

Amendments to the Friendly Societies Act 199240

In section 69A (duty to prepare individual accounts)39—

a

in subsection (2)(b), for “international accounting standards” substitute “UK-adopted international accounting standards”;

b

in subsection (3), for “international accounting standards” substitute “UK-adopted international accounting standards”;

c

in subsection (4)(a), for “international accounting standards” substitute “UK-adopted international accounting standards”.