Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
As published
69I Consistency of accounts
(1) The committee of management of a friendly society that prepares group accounts must secure that the individual accounts of—
(a) the friendly society,
(b) each of its subsidiary undertakings, and
(c) each of its registered branches,
are all prepared using the same financial reporting framework, except to the extent that in their opinion there are good reasons for not doing so.
(2) Subsection (1) only applies to accounts of subsidiary undertakings which are—
(a) required to be prepared under Part 15 of the Companies Act 2006, or
(b) required to be prepared under Part 6 of this Act.
(3) Subsection (1) does not require accounts of undertakings that are charities to be prepared using the same financial reporting framework as accounts of undertakings which are not charities.
(4) Subsection (1)(a) does not apply where the committee of management of a friendly society prepares IAS group accounts and IAS individual accounts.
(5) The committee of management of a society which has subsidiary undertakings must ensure that, except where in its opinion there are good reasons against it, the financial year of each of its subsidiary undertakings coincides with the society’s own financial year.
Your change, as a redline
69I Consistency of accounts
(1) The committee of management of a friendly society that prepares group accounts must secure that the individual accounts of—
(a) the friendly society,
(b) each of its subsidiary undertakings, and
(c) each of its registered branches,
are all prepared using the same financial reporting framework, except to the extent that in their opinion there are good reasons for not doing so.
(2) Subsection (1) only applies to accounts of subsidiary undertakings which are—
(a) required to be prepared under Part 15 of the Companies Act 2006, or
(b) required to be prepared under Part 6 of this Act.
(3) Subsection (1) does not require accounts of undertakings that are charities to be prepared using the same financial reporting framework as accounts of undertakings which are not charities.
(4) Subsection (1)(a) does not apply where the committee of management of a friendly society prepares IAS group accounts and IAS individual accounts.
(5) The committee of management of a society which has subsidiary undertakings must ensure that, except where in its opinion there are good reasons against it, the financial year of each of its subsidiary undertakings coincides with the society’s own financial year.
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