The Friendly Societies (Amendment) Regulations 1997

AMENDMENTS OF THE 1992 ACT

Substitution of “EEA State” for “Member State”

3.  In subsection (7)(c)of section 67B(1) (statutory notice), subsection (2)(a)(i) of section 87(2) (actuary’s report as to margain of solvency), subsection (1)(a)(i) of section 88(3) (actuary’s report on transfer of long term business) and section 119B(4) (meaning of “main agent”) of, and Schedules 13B(5) (recognition in other EEA States of friendly societies), 13C(6) (information for members of friendly societies) and 15, Part II(7) (amalgamations, transfers of engagements and conversions) to the 1992 Act for the words “member State” and “a member State,” wherever they occur, there shall be substituted “EEA State” and “an EEA State” respectively.

Substitution of “EEA States” for “European Community”

4.  In subsection (1)(a)(i) and (b)(i) of section 41(8) (withdrawal of authorisation), and subsection (5) of section 52A(9) (prohibition on disposal of assets) of the 1992 Act substitute “EEA States” for “European Community”.

Consequential Repeals of the 1992 Act

5.  The provisions of the 1992 Act specified in the Schedule to these Regulations are repealed to the extent specified in the Schedule.

(1)

Section 67B was inserted by S.I. 1994/1984, regulation 22.

(2)

Subsection (2)(a) was substituted by S.I. 1994/1984, regulation 26(1).

(3)

Subsection (1)(a) was substituted by S.I. 1994/1984, regulation 27.

(4)

Section 119B was inserted by S.I. 1994/1984, regulation 32.

(5)

Schedule 13B was inserted by S.I. 1994/1984, regulation 15, and Schedule 2.

(6)

Schedule 13C was inserted by S.I. 1994/1984, regulation 21, and Schedule 3.

(7)

Schedule 15, Part II was amended by S.I. 1994/1984, regulation 25, and Schedule 4.

(8)

Sub-paragraph (a)(i) and (b)(i) of section 41(1) were substituted by S.I. 1994/1984, regulation 7(1).

(9)

Section 52A was inserted by S.I. 1994/1984, regulation 13.