- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
2.—(1) Section 6 (the lending limit) is amended as follows.
(2) In subsection (2), in the definition of “X”, in paragraph (a) omit “in pursuance of regulations under section 73(7)”.
(3) In subsection (14), in the definition of “accounts”—
(a)in paragraph (a) omit “under subsection (1) of section 72”; and
(b)in paragraph (b) omit “under subsection (2) of that section”.
(4) After subsection (15) insert the following—
“(16) In this section, in the case of societies which produce IAS individual accounts or IAS group accounts;
“fixed assets” means–
land and buildings;
plant and machinery;
equipment, fixtures, fittings and vehicles;
payments on account and assets in the course of construction; and
intangible fixed assets.
“liquid assets” means–
cash and cash equivalents;
treasury bills and similar securities;
loans and advances to credit institutions; and
debt securities and other fixed income securities.”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: