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3.—(1) Regulation 2 of the Principal Regulations is amended as follows.
(2) At the appropriate place insert—
““the 1965 Act” means the Industrial and Provident Societies Act 1965(1);”;
““the 1969 Northern Ireland Act” means the Industrial and Provident Societies Act (Northern Ireland) 1969(2);”;
““the Authority” means the Financial Services Authority;”;
““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(3) or regulation 4 of the Community Benefit Societies (Restriction on Use of Assets) Regulations (Northern Ireland) 2006(4);”.
(3) Omit the definitions of “the 1985 Act” and “the 1986 Order”(5).
(4) In sub-paragraph (a) of the definition of “asset-locked body” for “or a charity” substitute “a charity or a permitted industrial and provident society”(6).
(5) For the definition of “governmental authority” substitute—
““governmental authority” includes—
any national, regional or local government in the United Kingdom or elsewhere;
the European Community;
any inter-governmental organisation; and
any organisation which is able to make rules or adopt decisions which are legally binding on any governmental authority falling within sub‑paragraph (a), (b) or (c);
or any of their organs, institutions or agencies;(7).”(7).
(6) For the definition of “public authority” substitute—
““public authority” includes—
a court or tribunal; and
any person certain of whose functions are functions of a public nature,
whether in the United Kingdom or elsewhere;.”.
(7) In the definition of “subsidiary” for “given to it in section 736 of the 1985 Act or Article 4 of the 1986 Order” substitute “given to it by section 1159 of the 2006 Act”(8).
The definition of “the 1986 Order” was inserted by S.I. 2007/1093, Schedule 4, paragraph 27.
The definition of “asset-locked body” was amended by S.I. 2007/1093, Schedule 4, paragraph 27.
The definition of “governmental authority” was amended by S.I. 2007/1093, Schedule 4, paragraph 27.
The definition of “subsidiary” was amended by S.I. 2007/1093, Schedule 4, paragraph 27.
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