Modifications etc. (not altering text)
C1Power to amend Sch. 3 conferred by Insurance Companies Act 1982 (c. 50, SIF 67), s. 67(4)
Sch. 3: functions made exercisable by, or by employees of, such person as may be authorised in that behalf by the Treasury (18.11.1998) by S.I. 1998/2842, art. 2, Sch. Pt. II para. 63(e)
[F14(1)The [F2Treasury] may by notice in writing require an authorised insurance company to send [F3them] a statement of—
(a)any income of the company for the year preceding that in which the notice is received by the company which is income liable to the general business levy, and
(b)any income of the company for that year which is income liable to the long term business levy.
(2)An authorised insurance company which receives a notice under this paragraph shall send the statement required by the notice to the [F2Treasury] within three months of receiving the notice.
(3)Where an authorised insurance company is required under this paragraph to send a statement to the [F2Treasury] in respect of income of both descriptions mentioned in sub-paragraph (1)(a) and (b) above it shall send a separate statement in respect of income of each description.]
Textual Amendments
F1Sch. 3 para. 4 substituted by Companies Act 1989 (c. 40, SIF 27), s. 210(2)
F2Words in Sch. 3 para. 4(1)-(3) substituted (5.1.1998) by S.I. 1997/2781, arts. 2(1), 8(1), Sch. Pt. II paras. 98, 99 (with art. 7)
F3Word in Sch. 3 para. 4(1) substituted (5.1.1998) by S.I. 1997/2781, arts. 2(1), 8(1), Sch. Pt. II paras. 98, 105(a) (with art. 7)
Prospective
[F44AIn the application of this Schedule to a friendly society—
(a)paragraph 4 above shall have effect with the substitution for any reference to the [F5Treasury] of a reference to the Commission; and
(b)paragraph 9 below shall be omitted.]
Textual Amendments
F4Sch. 3 para. 4A inserted (prosp.) by Friendly Societies Act 1992 (c. 40), ss. 97, 126(2), Sch. 17 para. 19(1) (with ss. 7(5), 93(4))
F5Word in Sch. 3 para. 4A(a) substituted (5.1.1998) by S.I. 1997/2781, arts. 2(1), 8(1), Sch. Pt. II para. 98, 99 (with art. 7)
Prospective
[F64B(1)Any person who causes or permits to be included in a statement sent to the Commission under paragraph 4 above as applied by this paragraph any information which he knows to be false in a material particular or recklessly causes or permits to be so included any information which is false in a material particular shall be guilty of an offence and liable—
(a)on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine, or to both;
(b)on summary conviction, to a fine not exceeding the statutory maximum.
(2)Any friendly society which makes default in complying with paragraph 4 above as so applied shall be guilty of an offence and liable, on summary conviction, to a fine not exceeding level 5 on the standard scale.]
Textual Amendments
F6Sch. 3 para. 4B inserted (prosp.) by Friendly Societies Act 1992 (c. 40), ss. 97, 126(2), Sch. 17 para. 19(1) (with ss. 7(5), 93(4))
5(1)Any person who causes or permits to be included in a statement sent to the [F7Treasury] under paragraph 4 above any information which he knows to be false in a material particular or recklessly causes or permits to be so included any information which is false in a material particular shall be guilty of an offence and liable—
(a)on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine, or to both;
(b)on summary conviction, to a fine not exceeding £400.
(2)Any insurance company which makes default in complying with paragraph 4 above shall be guilty of an offence and liable, on summary conviction, to a fine not exceeding [F8level 5 on the standard scale].
(3)[F9Sections 37(2)(b)(i) and 54(1)(b) of the Insurance Companies Act 1982] (failure to satisfy an obligation under that Act to be a ground for the exercise by the [F10Treasury] or the Secretary of State of certain powers in relation to an insurance company) shall have effect in relation to [F11an obligation imposed on an insurance company under paragraph 4] above as they have effect in relation to obligations imposed on an insurance company under that Act.
(4)[F12Sections 91 to 94 of the Insurance Companies Act 1982] shall apply in relation to an offence committed or alleged to have been committed under this paragraph as they apply in relation to an offence committed or alleged to have been committed under that Act.
(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F13
Textual Amendments
F7Words in Sch. 3 para. 5(1) substituted (5.1.1998) by S.I. 1997/2781, arts. 2(1), 8(1), Sch. Pt. II paras. 98, 99 (with art. 7)
F8Words substituted by (E.W.) Criminal Justice Act 1982 (c. 48, SIF 39:1), ss. 38, 46, (S.) Criminal Procedure (Scotland) Act 1975 (c. 21, SIF 39:1), ss. 289F, 289G and (N.I.) S.I. 1984/703 (N.I. 3), arts. 5, 6
F9Words substituted by Insurance Companies Act 1982 (c. 50, SIF 67), s. 99(2), Sch. 5 para. 16(e)
F10Words in Sch. 3 para. 5(3) inserted (5.1.1998) by virtue of S.I. 1997/2781, arts. 2(1), 8(1), Sch. Pt. II paras. 98, 105(b) (with art. 7)
F11Words substituted by Companies Act 1989 (c. 40, SIF 27), s. 210(3)
F12Words substituted by Insurance Companies Act 1982 (c. 50, SIF 67), s.99(2), Sch. 5 para. 16(f)