The Friendly Societies (Authorisation) Regulations 1993

  1. Introductory Text

  2. 1.Citation and commencement

  3. 2.Interpretation

  4. 3.Application

  5. 4.Authorisation: submission of information

  6. Signature

    1. SCHEDULE 1

      INFORMATION TO BE SUBMITTED: LONG TERM BUSINESS

      1. 1.Application

      2. 2.Where a society applies for an extension of its current...

      3. 3.A society shall not be required to submit the information...

      4. 4.Classification of business

      5. 5.Solvency

      6. 6.Scheme of operations

      7. 7.The nature of the commmitments which the society proposes to...

      8. 8.The technical bases that the appropriate actuary proposes to employ...

      9. 9.The guiding principles as to reinsurance including the society’s maximum...

      10. 10.The assets which represent or will represent the minimum guarantee...

      11. 11.The estimated cost of installing the administrative services and organisation...

      12. 12.Projections

      13. 13.The technical bases used to calculate the forecast and estimates...

      14. 14.Other information

      15. 15.Copies or drafts of reinsurance treaties.

      16. 16.Copies or drafts of any standard agreements with brokers or...

      17. 17.Copies or drafts of any agreements with persons (other than...

      18. 18.A certificate by the appropriate actuary that—

      19. 19.A statement made jointly by each member of the committee...

      20. 20.A personal questionnaire (available from the Commission) requiring biographical information...

      21. 21.Name and address of the society’s bankers, solicitors, appropriate actuary,...

      22. 22.Name and registered office of any subsidiary or jointly controlled...

      23. 23.Where the society carries on both long term and general...

      24. 24.Particulars of any commercial business other than insurance business which...

      25. 25.A declaration by the secretary that the information provided in...

    2. SCHEDULE 2

      INFORMATION TO BE SUBMITTED: GENERAL BUSINESS

      1. 1.Application

      2. 2.Where a society applies for an extension of its current...

      3. 3.A society shall not be required to submit the information...

      4. 4.Classification of business

      5. 5.Solvency

      6. 6.Scheme of operations

      7. 7.The nature of the commitments which the society proposes to...

      8. 8.The tariffs which the society proposes to apply for each...

      9. 9.The guiding principles as to reinsurance including the society’s maximum...

      10. 10.The assets which represent or will represent the minimum guarantee...

      11. 11.The estimated cost of installing the administrative services and organisation...

      12. 12.Projections

      13. 13.Other Information

      14. 14.Copies or drafts of reinsurance treaties.

      15. 15.Copies or drafts of any standard agreements with brokers or...

      16. 16.Copies or drafts of any agreements with persons (other than...

      17. 17.A statement made jointly by each member of the committee...

      18. 18.A personal questionnaire (available from the Commission) requiring biographical information...

      19. 19.Name and address of the society’s bankers, solicitors, appropriate actuary,...

      20. 20.Name and registered office of any subsidiary or jointly controlled...

      21. 21.Where the society carries on both long term and general...

      22. 22.Particulars of any commercial business other than insurance business which...

      23. 23.A declaration by the secretary that the information provided in...

    3. SCHEDULE 3

      INFORMATION TO BE SUBMITTED: NON-INSURANCE BUSINESS

      1. 1.Application

      2. 2.Classification of business

      3. 3.Solvency

      4. 4.Scheme of Operations

      5. 5.The nature of the commitments which the society proposes to...

      6. 6.The technical bases which the society proposes to apply for...

      7. 7.The estimated cost of installing the administrative services and organisation...

      8. 8.Projections

      9. 9.A description of the society’s overall investment strategy including a...

      10. 10.Other information

      11. 11.Copies or drafts of any agreements with persons (other than...

      12. 12.A statement made jointly by each member of the committee...

      13. 13.A personal questionnaire (available from the Commission) requiring biographical information...

      14. 14.Name and address of the society’s bankers, solicitors, actuary (if...

      15. 15.Name and registered office of any subsidiary or jointly controlled...

      16. 16.A declaration by the secretary that the information provided in...

  7. Explanatory Note