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2. Section 120(2) of the Friendly Societies Act 1992 shall come into force on 5 February 1993—
(a)as to the enactment specified in Part I of Schedule 22 to the Act and listed first in the Schedule to this Order for the purpose of repealing it in relation to collecting societies as defined in section 1(1A) of the Industrial Assurance Act 1923(1) to which the criteria of prudent management described in section 50(3) of the Friendly Societies Act 1992 apply;
(b)generally as to the enactment specified in Part I of Schedule 22 to the Act and listed second in the Schedule to this Order.
13 and 14 Geo. 5 c.8; section 1(1A) was inserted by sections 97 and 99 of and Part II of Schedule 6 to the Companies Act 1967 (c. 81) and a new subsection was substituted by section 100 of and by paragraph 2(1) of Part I of Schedule 19 to the Friendly Societies Act 1992.
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