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20. In paragraph 1(4) of each of Schedules 1, 2 and 3 to the Principal Regulations after paragraph (b) insert—
“(ba)“permitted industrial and provident society” means an industrial and provident society which has a restriction on the use of its assets in accordance with regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations 2006 or regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006;”.
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