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Friendly Societies Act 1992
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- UK Public General Acts
- 1992 c. 40
- SCHEDULE 16
- Paragraph 15
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15(1)In section 46, in subsection (1), paragraphs (a) and (b) shall be omitted.U.K.
(2)Sub-paragraph (1) above has effect without prejudice to the generality of paragraph (e) of that subsection.
(3)After subsection (2) of that section there shall be inserted the following subsection—
“(2A)Subsections (2) to (12) of section 14 of the 1992 Act shall apply in respect of the powers of investment of the trustees of a registered friendly society as they apply to the powers of investment of an incorporated friendly society; and the consent required for any such investment as is available to the trustees of a registered friendly society by virtue of this subsection shall be the same as that required under subsection (1) above.”
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