The Accounts and Reports (Amendment) (EU Exit) Regulations 2019

Amendments to the Friendly Societies Act 1992 U.K.

21.  In the Friendly Societies Act 1992 M1 —

(a) in section 69A(4) (duty to prepare individual accounts) M2 —

(i) in paragraph (b), before “regulated market” insert “ UK ”;

(ii) in paragraph (c)—

(aa) before “regulated market” insert “ UK ”;

(bb) for the second sentence substitute “ “UK regulated market” has the meaning given in Article 2.1.13A of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012 ”;

(b) in section 69E (duty to prepare group accounts) M3 —

(i) in subsection (5)—

(aa) in paragraph (b), before “regulated market” insert “ UK ”;

(bb) in paragraph (c), before “regulated market” insert “ UK ”;

(cc) omit the second sentence of paragraph (c);

(ii) after subsection (8) insert—

“(9) In this subsection “UK regulated market” has the meaning given in Article 2.1.13A of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 and amending Regulation (EU) No. 648/2012.”.

Commencement Information

I1 Sch. 2 para. 21 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)(c)

Marginal Citations

M1 1992 c. 40.

M2 Sections 69A to 69I were substituted for sections 69 and 70 by S.I. 2005/2211. Section 69A was amended by S.I. 2007/126 and 2017/701.

M3 Sections 69A to 69I were substituted for sections 69 and 70 by S.I. 2005/2211. Section 69E was amended by S.I. 2007/126 and 2017/701.