SCHEDULES

SCHEDULE 1

1–8

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9 SUPERANNUATION AND OTHER TRUST FUNDS (VALIDATION) Act 1927 (c. 41) C1

In section 8 (provisions as to interpretation) the definitions of “Actuary" and “Auditor" shall be omitted, and the following definitions shall be inserted at the appropriate points in alphabetical order—

“Actuary ”means a person having such qualifications as may be prescribed by regulations made by the Chief Registrar and laid before Parliament;

“Auditor” means a person who is a qualified auditor for the purposes of the Friendly and Industrial Provident Societies Act 1968:

Annotations:
Modifications etc. (not altering text)
C1

The text of Sch. 1 paras. 9–12 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

10 INDUSTRIAL AND PROVIDENT SOCIETIES ACT 1965 (c.12)

In section 39 (annual returns), in subsection (2)(c) (period to be included in a society’s annual return) for the words from “of the society’s annual return" to the end of the subsection there shall be substituted the words

with the date to which the society’s last annual return was made up, whichever is the later, and ending—

i

with the date of the last balance sheet published by the society before the appropiate date; or

ii

if the date of that balance sheet is earlier than 31st August immediately preceding the appropiate date or later than 31st January of the year in which the appropiate date falls, with 31st December immedately preceding the appropiate date

2A

For the purposes of paragraph (c) of subsection (2) of this section “the appropiate date", in relation to an annual return of a society, is 31st March of the year in which that return is required by subsection (1) of this section to be sent to the appropiate registrar or the date in which that return is so sent, whichever is the earlier.

11

In section 74 (general provisions as to interpretation), in the definition of “officer", for the words from “approved" to “audit" there shall be substituted the words “auditor appointed by the society in accordance with the requirements of the Friendly and Industrial and Provident Societies Act 1968".

12

In Schedule 1, in paragraph 10 (rules of societies to provide for audit of accounts), for the words “approved auditors" there shall be substituted the words “auditors appointed by the society in accordance with the requirements of the Friendly and Industrial and Provident Societies Act 1968".