SCHEDULE 1Amendments to primary legislation

PART 2Amendments to other primary legislation

Friendly Societies Act 199219

1

The Friendly Societies Act 1992 M1 is amended as follows.

2

In section 52(2)(c)(i) (applications to court) for “the general insurance or the life assurance consolidation Directive” substitute “ the Solvency 2 Directive ”.

3

In subsection (1) of section 119 (general interpretation)—

a

omit the following definitions—

i

“the life assurance consolidation Directive”;

ii

“the first general insurance Directive”;

iii

“the general insurance Directives”;

iv

“the second general insurance Directive”;

v

“the third general insurance Directive”;

b

insert at the appropriate place—

“the Solvency 2 Directive” means Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II);

4

Omit subsections (1A), (1D) and (3) of section 119.

5

In Schedule 15 (amalgamations, transfers of engagements and conversion: supplementary)—

a

in paragraph 15(1)(c)(vi) for “Article 25 or 26 of the first general insurance Directive” substitute “ Article 166 or 167 of the Solvency 2 Directive ”;

b

in paragraph 15A(1)(c)(v) for “Article 55 or 56 of the life assurance consolidation Directive” substitute “ Article 166 or 167 of the Solvency 2 Directive ”.