There are currently no known outstanding effects for the Friendly Societies Act 1992, Cross Heading: Effect of failure to comply with relevant requirements.
17U.K.A failure to comply with a relevant requirement of this Act or any rules of a friendly society shall not invalidate any amalgamation, transfer of engagements or conversion; but a society which—
(a)participates in an amalgamation or transfer or converts into a company; and
(b)fails without reasonable excuse to comply with such a requirement;
shall be guilty of an offence and liable on summary conviction to a fine not exceeding level 4 on the standard scale.
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