The Friendly Societies Act 1992 (Commencement No.4) Order 1993

Statutory Instruments

1993 No. 197 (C.4)

FRIENDLY SOCIETIES

The Friendly Societies Act 1992 (Commencement No.4) Order 1993

Made

3rd February 1993

The Treasury, in exercise of the powers conferred on them by section 126(2) of the Friendly Societies Act 1992(1) and of all other powers enabling them in that behalf, hereby make the following Order:

Citation and interpretation

1.  This Order may be cited as the Friendly Societies Act 1992 (Commencement No.4) Order 1993.

2.  Section 120(2) of the Friendly Societies Act 1992 shall come into force on 5 February 1993—

(a) as to the enactment specified in Part I of Schedule 22 to the Act and listed first in the Schedule to this Order for the purpose of repealing it in relation to collecting societies as defined in section 1(1A) of the Industrial Assurance Act 1923(2) to which the criteria of prudent management described in section 50(3) of the Friendly Societies Act 1992 apply;

(b) generally as to the enactment specified in Part I of Schedule 22 to the Act and listed second in the Schedule to this Order.

Tim Wood

Tim Kirkhope

Two of the Lords Commissioners of Her Majesty’s Treasury

3rd February 1993

Article 2

SCHEDULE REPEALS

Chapter	Short Title	Extent of repeal
13 and 14 Geo. 5 c.8	Industrial Assurance Act 1923	In section 8, subsection (1)(b)
1974 c. 46	Friendly Societies Act 1974	Schedule 5

Explanatory Note

(This note is not part of the Order)

This Order brings section 120(2) of the Friendly Societies Act 1992 into force on 5 February 1993 to effect the repeal in relation to collecting societies subject to section 50(3) of the Friendly Societies Act 1992 of section 8(1)(b) of the Industrial Assurance Act 1923 which limits the uses to which the industrial assurance fund maintained by collecting societies may be put. Section 50(3) was brought into force for incorporated friendly societies, which may be collecting societies, on 11 January 1993 by the Friendly Societies Act 1992 (Commencement No. 3 and Transitional Provisions) Order 1993 (S.I. 1993/16). The Order also effects the repeal of Schedule 5 to the Friendly Societies Act 1974.

Note as to Earlier Commencement Orders

(This note is not part of the Order)

The following provisions of the Act have been brought into force by Commencement Orders made before the date of this Order:

Provision	Date of Commencement	S.I. No
Sections 1 to 4, Schedule 1, sections 116 to 119, sections 121 to 123 and section 126.	8.6.92	1992/1325
Section 84, section 120 (partially) and Schedule 21 (partially).	1.1.93	1992/3117
Sections 27 to 30 (partially), sections 31 to 43 (partially), sections 44 to 57 (partially), sections 58 to 61, sections 62 to 67 (partially), sections 68 to 79 (partially), sections 80 to 83 (except section 82(5)), section 95 (partially), section 100 (partially), section 114, section 120(2) (partially), Schedules 11 to 13 (partially), Schedule 14 (except paragraph 7) (partially), Schedule 16 (partially), Schedule 19 (partially) and Schedule 22 (partially).	13.1.93	1993/16
Sections 5 to 26, subsections (1) to (4) of section 93, section 94, section 95 (partially), section 98 (partially), section 99, section 100 (partially), sections 101 to 113, section 115, section 120 (partially), section 125, Schedule 2, Schedule 3 (except paragraph 9(2)), Schedules 4 to 10, Schedule 16 (partially), Schedule 18 (partially), Schedule 19 (partially), Schedule 20, Schedule 21 (partially) and Schedule 22 (partially).	1.2.93	1993/16

(1)

1992 c. 40.

(2)

13 and 14 Geo. 5 c.8; section 1(1A) was inserted by sections 97 and 99 of and Part II of Schedule 6 to the Companies Act 1967 (c. 81) and a new subsection was substituted by section 100 of and by paragraph 2(1) of Part I of Schedule 19 to the Friendly Societies Act 1992.