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SCHEDULES

SCHEDULE 11Friendly Societies

PART IIIRegistrar's Powers in Relation to Regulated Friendly Societies

Conduct of investment business

21(1)If it appears to the Registrar that a regulated friendly society other than a member society has contravened—

(a)any provision of rules or regulations made under this Schedule or of section 56 or 59 of this Act;

(b)any condition imposed under section 50 of this Act as it applies by virtue of paragraph 14(3) above;

(c)any prohibition or requirement imposed under Chapter VI of Part I of this Act as it applies by virtue of paragraph 23 below; or

(d)any requirement imposed under paragraph 24 below ;

he may publish a statement to that effect.

(2)Subsections (2) to (5) of section 60 above shall apply in relation to the power under sub-paragraph (1) above as they apply in relation to the power in subsection (1) of that section but with the substitution for the references to the Secretary of State of references to the Registrar.