In section 78A(1) of the Friendly Societies Act 1992 M1 (interpretation of Part 6), in the definition of “parent undertaking” and “subsidiary undertaking” for “section 258 of the Companies Act 1985, read in conjunction with sections 259 and 260 of, and Schedule 10A to, that Act” substitute “ section 1162 of the Companies Act 2006, read in conjunction with section 1161(1) of and Schedule 7 to that Act ”.