SCHEDULEConsequential amendments to secondary legislation
Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 200820
1
The Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 200825 are amended as follows.
2
In regulation 2(1) (interpretation)—
a
omit the definition of “industrial and provident society”; and
b
after the definition of “insurance undertaking” insert—
“registered society” means—
- a
a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014; or
- b
a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;
3
In regulations 2(6)(a) and 14(4) (industrial and provident societies) for “an industrial and provident society” substitute “a registered society”.
4
In the following provisions for “industrial and provident societies”, except where these words appear in a reference to an enactment, substitute “registered societies”—
a
regulation 4(2) (publication of accounts);
b
regulation 6(4) (appointment of auditors);
c
regulation 7(3) (functions of auditor);
d
regulation 14(1), (2) and (3);
e
paragraph 1 of Schedule 1 (modification of the Friendly and Industrial and Provident Societies Act 1968);
f
section 3A(4)(d)(ii) of that Act as applied by paragraph 3 of Schedule 1;
g
paragraph 1 of Schedule 2 (modification of the Industrial and Provident Societies Act (Northern Ireland) 1969); and
h
section 37A(4)(d)(ii) of that Act as applied by paragraph 3 of Schedule 2.
5
In regulation 14—
a
for the heading substitute “Registered societies”; and
b
for “Industrial and Provident Societies (Group Accounts) Regulations 1969” substitute “Co-operative and Community Benefit Societies (Group Accounts) Regulations 1969”.