72. In Part 2 of Schedule 11 to that Act (committee of management: dealings with members of committee), for paragraph 8 substitute—
“8. The provisions of—
(a)section 217(1) of the Companies Act 2006 (payment for loss of office etc: requirement of members’ approval), and
(b)section 220(1), (2) and (5) of that Act (exception for payments in discharge of legal obligations etc),
apply to a member of the committee of management of a friendly society or a registered branch as they apply to a director of a company.”.