1. Section 119 of the Friendly Societies Act 1992(1)(general interpretation) is amended as follows—
(a)in subsection (1A)(2)—
(i)for “72/239/EEC” substitute “73/239/EEC”; and
(ii)at the end insert “and as amended by the reinsurance Directive.”;
(b)after subsection (1C) add—
“(1D) References in this Act to the life assurance consolidation Directive are references to that Directive as amended by the reinsurance Directive.”;
(c)after subsection (2) insert—
“(3) In this section, “the reinsurance Directive” means Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance and amending Council Directives 73/239/EEC, 92/49/EEC as well as Directives 98/78/EC and 2002/83/EC.”.
Commencement Information
I1Sch. 3 para. 1 in force at 10.12.2007, see reg. 1(1)
Subsections (1A), (1B) were inserted by S.I. 1996/1669. Subsection (1A) was amended by S.I. 2001/3649 and 2004/3379.