SCHEDULES
C1SCHEDULE 11 Friendly Societies
Annotations:
Modifications etc. (not altering text)
Part III Registrar’s Powers in Relation to Regulated Friendly Societies
Conduct of investment business
F222A
1
No action in respect of a contravention to which paragraph 22(4) above applies shall lie at the suit of a person other than a private investor, except in such circumstances as may be specified by regulations made by F3the Commission.
2
The meaning of the expression “private investor” for the purposes of sub-paragraph (1) shall be defined by regulations made by F3the Commission.
3
Regulations under sub-paragraph (1) may make different provision with respect to different cases.
4
F3The Commission shall, before making any regulations affecting the right to bring an action in respect of a contravention of any rules or regulations made by a person other than himself, consult that person.
Sch. 11 amended (1.2.1993 for specified purposes and 1.1.1994 for all remaining purposes) by Friendly Societies Act 1992 (c. 40) s. 98, Sch. 18 Pt. II para. 10; S.I. 1993/16, art. 2, Sch.4; S.I. 1993/2213, art. 2(1), Sch.5.