The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991
These Regulations (regulation 2(2) and (3)) amend the Building Societies (Accounts and Related Provisions) Regulations (S.I. 1987/2072) so that reserves and the revaluation reserve will be separately disclosed in societies' balance sheets rather than both being included in total reserves. Such separate disclosure is a requirement of Council Directive 86/635 EEC (O.J. 31.12.86, L 372/1) on the annual accounts and consolidated accounts of banks and other financial institutions.