SCHEDULES
SCHEDULE 7 Other amendments of 1986 Act
Summary financial statement for members and depositors
I133
1
In subsection (2) of section 76 of the 1986 Act (summary financial statement for members and depositors)—
a
for the words “subsidiary undertakings or other associated bodies” there shall be substituted the words “
connected undertakings
”
; and
b
for the words “subsidiary undertakings and other associated bodies” there shall be substituted the words “
connected undertakings
”
.
2
In subsection (9)(a) of that section, for paragraph (a) there shall be substituted the following paragraph—
a
any individual who for the first time subscribes for shares in the society, on his first subscribing for the shares, and