SCHEDULE 5PROVISIONS OF THE 1992 ACT COMING INTO FORCE FOR ALL REMAINING PURPOSES ON 1ST JANUARY
(1) | (2) |
|---|---|
Provisions of the Act | Subject matter of provisions |
Part III, to the extent not already in force | Management and administration of friendly societies |
Section 32(7) | Continuation in effect of existing authorisation of friendly societies |
Section 44, to the extent not already in force | Appointment of actuary by societies with long term business |
Section 46, to the extent not already in force | Annual investigation into condition of certain societies |
Section 47 | Triennial investigations into condition of certain societies |
Section 48 | Margins of solvency in relation to insurance business of certain societies |
Section 49, to the extent not already in force | Failure to maintain prescribed margin of solvency |
Section 55 | Supervision of group insurance business |
Part VI, to the extent not already in force except for section 72(2) to the extent that it relates to any provision of paragraph 7 of Schedule 14 not yet in force | Accounts and audit |
Section 98, to the extent that it relates to any provision of Schedule 18 specified in this Schedule | Financial services |
Section 120(2), to the extent that it relates to any provision of Part I of Schedule 22 referred to in this Schedule | Repeals |
Schedule 11, to the extent not already in force | Committee of management: supplementary |
Schedule 12, to the extent not already in force | Meetings and resolutions |
Schedule 14, to the extent not already in force except for paragraph 7(1) to (3) and (5) to (7) | Auditors: appointment, tenure, qualifications and remuneration |
Schedule 18, except paragraph 13 | Amendments of the Financial Services Act 1986 |
So much of Part I of Schedule 22 as is specified in the Appendix to this Schedule | Repeals |
APPENDIXREPEALS TAKING EFFECT FOR ALL REMAINING PURPOSES ON 1ST JANUARY
Chapter | Short title | Extent of repeal |
|---|---|---|
13 and 14 Geo. 5 c.8. | Industrial Assurance Act 1923. | In section 8, subsections (2) and (4) |
Section 15. | ||
Section 16. | ||
In section 18, in subsection (1), the words “In the case of a collecting society or industrial assurance company,” , paragraph (c), in paragraph (d), the words “society or” (twice), in paragraph (f), the words “society or” (three times) and in paragraph (g) the words “collecting society or” and the words from “the”, in the second place where it occurs in that paragraph, to “or”, in the second place where it so occurs, and in subsection (3) the words “in the case of a collectingsociety or industrial assurance company”, the words “society or” and the words from “award” to “a company,”. | ||
In section 19, in subsection (1), the words “collecting society and”, in subsection (2), the words “society or” (twice), subsection (3)(b) and the word “or” immediately preceding it. | ||
Section 35. | ||
12 Geo. 6 c.39. | Industrial Assurance and Friendly Societies Act 1948 | Section 13(3). |
Financial Services Act 1986. | In section 139, subsection (3) and (4) and in subsection (5) the words “and section 77 of the said Act of 1974” and “and section 65 of the Friendly Societies Act (Northern Ireland) 1970”. | |
In section 207(1), the definition of “registered friendly society”. | ||
In Schedule 11, in paragraph 1, in the definition beginning “a member society” the words from “and for the purposes” onwards, in paragraph 26, in sub-paragraph (1), the figure “(1)”, and sub-paragraph (3), paragraph 27, in paragraph 38(1)(a) the word “registered” and paragraph 43. | ||
In Schedule 15, in paragraph 14(1) the word “registered” and in paragraph 14(3), the words “registered”, “or as the case may be, the Friendly Societies Act (Northern Ireland) 1970”, “or as the case may be, section 70 of the said Act of 1970” and “or, as the case may be, section 75 of the said Act of 1970.” |