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The Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations (Northern Ireland) 1994
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3.—(1) For section 9(4) (Amendment of rules by societies), there shall be substituted—
“(4) Notwithstanding anything in the rules of any society, the committee of a registered society may by resolution passed during the appropriate period after the passing of this Act or the commencement of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations (Northern Ireland) 1994, make such amendments of the rules of the society as may be consequential on the provisions of this Act or of those Regulations”.
(2) After section 9(5) there shall be inserted the following subsection—
“(5A) For the purposes of subsection (4) the appropriate period after the commencement of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations (Northern Ireland) 1994 shall be the period of one year beginning with the date of coming into operation of those Regulations”.
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