SCHEDULES

SCHEDULE 18Mutuals

Part IIFriendly Societies: Subsidiaries and Controlled Bodies

Qualifying bodies

10

(1)

Subsections (2) to (5) of section 13 (incorporated friendly societies allowed to form or acquire control or joint control only of qualifying bodies) cease to have effect.

(2)

As a result, omit—

(a)

subsections (8) and (11) of that section, and

(b)

Schedule 7 to the 1992 Act (activities which may be carried on by a subsidiary of, or body jointly controlled by, an incorporated friendly society).