Industrial and provident societies7
1
The Schedule to these Regulations shall have effect for the purpose of modifying—
a
the Industrial and Provident Societies Act 196520; and
b
the Friendly and Industrial and Provident Societies Act 196821,
in their application to industrial and provident societies which prepare accounts under the provisions of these Regulations.
2
The Industrial and Provident Societies (Group Accounts) Regulations 196922 shall not apply to industrial and provident societies which prepare accounts under the provisions of these Regulations.