The Friendly Societies (Accounts and Related Provisions) Regulations 1994

Holdings in subsidiaries

10.—(1) The following information must be given with respect to the shares of subsidiaries held:

(a)by the society; and

(b)by the group,

and the information under paragraphs (a) and (b) must (if different) be shown separately.

(2) There must be stated:

(a)the identity of each class of shares held; and

(b)the proportion of the nominal value of the shares of that class represented by those shares.