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The Friendly Societies (Long Term Insurance Business) Regulations 1987
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Investments of authorised societies
29. Section 46 (Investment of funds) of the 1974 Act shall, from the date on which a society is authorised under regulation 5 or 6 above, have effect in relation to that society as though the words in subsection (1) from “or any part thereof” to the end of that subsection were deleted.
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