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5. After regulation 53 there shall be inserted the following regulation—
53A.—(1) Paragraph (2) prescribes a modification of paragraph 18 of Schedule 12 to the Finance Act 1997(1).
(2) For the words from “which” to the end there shall be substituted the words “made up for the purposes of an investigation into the financial condition of a friendly society under section 46 or 47 of the Friendly Societies Act 1992(2)”.
(3) This regulation shall have effect in relation to periods for which accounts of friendly societies are made up ending on or after 26th November 1996.”
1992 c. 40. Section 46 was amended by S.I. 1196/1188.
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