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STATUTORY INSTRUMENTS


2001 No. 3647

FINANCIAL SERVICES AND MARKETS

The Financial Services and Markets Act 2000 (Consequential Amendments and Savings) (Industrial Assurance) Order 2001

  Made 9th November 2001 
  Laid before Parliament 9th November 2001 
  Coming into force 1st December 2001 

The Treasury, in exercise of their powers under sections 339(1), (2) and (3), 416(4), 426 and 427 of the Financial Services and Markets Act 2000[1], hereby make the following Order:

Citation and commencement
     1. This Order may be cited as the Financial Services and Markets Act 2000 (Consequential Amendments and Savings) (Industrial Assurance) Order 2001 and comes into force on 1st December 2001.

Interpretation
    
2. In this Order - 

Savings
     3.  - (1) Part 1 of Schedule 1 to this Order makes savings in relation to the 1923 Act.

    (2) Part II of that Schedule makes savings in relation to the 1948 Act.

    (3) Part III of that Schedule excludes specified savings made by Parts I and II of that Schedule, and makes supplementary provision, in relation to the Channel Islands.

    (4) Part IV of that Schedule makes savings in relation to the Northern Ireland Order.

Transitional provisions
    
4. Schedule 2 to this Order contains transitional provisions.

Consequential amendments
    
5. Schedule 3 to this Order makes consequential amendments and savings.

Section 16 of the Interpretation Act 1978
    
6. Nothing in this Order prejudices the operation of section 16 of the Interpretation Act 1978[6] in the case of any right acquired, or liability or obligation incurred, before commencement under any provision of the Industrial Assurance Acts or the Northern Ireland Order.


John Heppel

Tony McNulty
Two of the Lords Commissioners of Her Majesty's Treasury

9th November 2001



SCHEDULE 1
Article 3


PART I


     1. Paragraphs 2 to 18 apply even though the 1923 Act is repealed on commencement.

     2. Section 1 of the 1923 Act (industrial assurance business) has effect after commencement with the following modifications - 

     3. The following section is inserted after section 1 of the 1923 Act and has effect after commencement in relation to existing policies - 

     4. The following provision is substituted for section 5(1) of the 1923 Act (prohibition of issue of illegal policies) and has effect after commencement in relation to existing policies - 

     5. The proviso to section 14 of the 1923 Act (Act to have effect notwithstanding memorandum, articles or special Act) has effect after commencement in relation to an existing policy.

     6. Section 20 of the 1923 Act (provisions as to proposals for policies) has effect after commencement in relation to an existing policy with the following modifications - 

     7. Section 22 of the 1923 Act (return of policies and premium receipt book after inspection) has effect after commencement in relation to a premium receipt book or other document evidencing or issued in connection with an existing policy.

     8. Section 23[10] of the 1923 Act (notice before forfeiture for default in paying industrial assurance premiums) has effect after commencement in relation to an existing policy.

     9. Section 24 of the 1923 Act (provisions as to forfeited policies) has effect after commencement in relation to an existing policy with the following modifications - 

     10. Section 25 of the 1923 Act (substitution of policies) has effect after commencement in relation to an existing policy with the insertion in subsection (2), before "and new premium receipt book", of "(if applicable)".

     11. Section 26 of the 1923 Act (transfers from one company to another company or society) has effect after commencement in relation to a policyholder of an existing policy which is carried out by an industrial assurance company with the following modifications - 

     12. Section 27 of the 1923 Act (payment of claims) has effect after commencement in relation to existing policies with the insertion of the words "(regardless of whether that policy was effected before or after 1st December 2001)" after "any other policy".

     13. Section 29 of the 1923 Act (value of policies) has effect after commencement in relation to existing policies with the following modifications to subsection (1) - 

     14. Section 32[14] of the 1923 Act (disputes) has effect after commencement in relation to a dispute arising in connection with an existing policy with the following modifications - 

     15. Section 39 of 1923 Act (offences) has effect after commencement with the following modifications - 

     16. Section 41 of the 1923 Act (notices) has effect after commencement.

     17. Section 45 of the 1923 Act (interpretation) has effect after commencement with the following modifications - 

     18. Schedule 4 to the 1923 Act has effect after commencement in relation to existing policies.





PART II

     19. Paragraphs 20 to 29 apply even though the 1948 Act is repealed on commencement.

     20. Section 8 of the 1948 Act (premium receipt books) has effect after commencement in relation to an existing policy with the following modifications - 

     21. The following provisions are inserted after section 8 of the 1948 Act and have effect after commencement in relation to existing policies - 



PART III

     30. Parts I and II of this Schedule apply in relation to the Channel Islands, but subject to the provisions of this Part.

     31. Paragraphs 8, 11 and 15 in Part I and paragraphs 20 and 25 in Part II do not apply in relation to the Channel Islands.

     32. In relation to the Channel Islands, section 23 of the 1923 Act (notice before forfeiture for default in paying industrial assurance premium) has effect after commencement in relation to an existing policy.

     33. In relation to the Channel Islands, section 26 of the 1923 Act (transfers from one society or company to another) has effect after commencement in relation to a policyholder of an existing policy which is carried out by an industrial assurance company or collecting society.

     34. In relation to the Channel Islands, section 39 of the 1923 Act (offences) has effect after commencement with the omission from subsection (1) of the words "or any directions by the Commissioner given thereunder".

     35. In relation to the Channel Islands, section 43 of the 1923 Act (regulations) has effect after commencement with the following modifications - 

     36. In relation to the Channel Islands, section 8 of the 1948 Act (premium receipt books) has effect after commencement in relation to an existing policy with the following modifications - 



PART IV

     37. Paragraphs 38 to 65 apply even though the Northern Ireland Order is revoked on commencement.

     38. Article 2 of that Order (interpretation) has effect after commencement with the following modifications - 

     39. Article 3 of that Order (industrial assurance business) has effect after commencement with the following modifications - 

     40. The following Article is inserted after Article 3 of that Order and has effect after commencement in relation to existing policies - 

     41. Paragraph (2) of Article 19 of that Order (Northern Ireland Order to have effect notwithstanding rules of Special Act) has effect after commencement in relation to an existing policy.

     42. The following provision is substituted for Article 20(1) of that Order (illegal policies) and has effect after commencement in relation to existing policies - 

     43. Article 21 of that Order (premium receipt books) has effect after commencement in relation to an existing policy with the following modifications - 

     44. The following provisions are inserted after Article 21 of that Order and have effect after commencement in relation to existing policies - 

     45. Article 22 of that Order (matters to be set out in premium receipt books) has effect after commencement in relation to an existing policy with the following modifications - 

     46. Article 27 of that Order (misstatements, and non-disclosure, in proposals) has effect after commencement in relation to an existing policy with the following modifications - 

     47. Article 28 of that Order (return of policies and premium receipt books after inspection) has effect after commencement in relation to a premium receipt book or other document evidencing or issued in connection with an existing policy.

     48. Article 29[36] of that Order (notice before forfeiture) has effect commencement in relation to an existing policy.

     49. Article 30 of that Order (provisions as to forfeited policies) has effect after commencement in relation to an existing policy with the following modifications - 

     50. Article 31 of that Order (substitution of policies) has effect after commencement in relation to an existing policy with the insertion in paragraph (2), before "the new premium receipt book", of the words "(if applicable)".

     51. Article 32 of that Order (transfers from one society or company to another) has effect after commencement in relation to a policyholder of an existing policy with the following modifications - 

     52. Article 33 of that Order (payment of claims) has effect after commencement in relation to an existing policy with the insertion of the words "(regardless of whether that policy was effected before or after 1st December 2001)" after "any other policy".

     53. Article 34 of that Order (value of policies) has effect after commencement in relation to existing policies with the following modifications to paragraph (1) - 

     54. Article 35 of that Order (rights of owners of certain endowment policies) has effect after commencement in relation to an existing policy which is an endowment policy (within the meaning given by Article 2 of that Order) with the following modifications - 

     55. Article 36[39] of that Order (disputes) has effect after commencement in relation to a dispute arising in connection with an existing policy with the insertion, after "any dispute", of arising under or in connection with a policy of industrial assurance".

     56. Article 42 of that Order (offences by collecting societies) has effect after commencement with the following modifications - 

     57. Article 43 of that Order (offences by industrial assurance companies) has effect after commencement with the following modifications - 

     58. The following Article is substituted for Article 44 of that Order (offences by registered friendly societies other than collecting societies) and has effect after commencement - 

     59. Article 48 of that Order (notices) has effect after commencement.

     60. Schedule 3 to that Order (limitations and other provisions affecting insurance by industrial assurance company of life of a parent or grandparent) has effect after commencement in relation to an existing policy effected in exercise of the power conferred by Article 16(1) of that Order (insurance on life of a parent or grandparent) with the following modifications - 

     61. Schedule 4 to that Order (matters to be set out in premium receipt books) has effect after commencement for the purposes of Article 22 of that Order with the following modifications - 

     62. The following Schedule is inserted after Schedule 4 to that Order and has effect after commencement in relation to existing policies - 



" SCHEDULE 4A

MATTERS TO BE SET OUT IN STATEMENTS OF PROTECTIVE PROVISIONS


     1. Subject to paragraph 2, the matters required to be set out in a statement under Article 22(2) are the following provisions of this Order - 

Article 21A provision of receipts
Article 21B provision of statements
Article 27 misstatements and non-disclosure in proposals
Article 28 return of policies and premium receipt books after inspection
Article 29 notice before forfeiture
Article 30 provisions as to forfeited policies
Article 33 payment of claims
Article 36 disputes
Article 48 notices

     2. A statement setting out the effect of any provision mentioned in paragraph 1 may be substituted for that provision if the Financial Services Authority so consents.".

     63. Schedule 6 to that Order (rules for valuing policies and ascertaining the amount of a free paid-up policy) has effect after commencement in relation to an existing policy.

     64. Schedule 7 to that Order (special rules as to certain free paid-up policies) has effect after commencement in relation to an existing policy, with the substitution, in paragraph 2, for "the Commission"[
44] of the words "an independent actuary whose appointment has been agreed by the society or company (as the case may be) and the policyholder".

     65. Schedule 9 to that Order (savings and transitional provisions) has effect after commencement in relation to an existing policy with the following modifications - 



SCHEDULE 2
Article 4


OTHER TRANISTIONAL PROVISIONS AND SAVINGS


Certificates of exemption

     1.  - (1) This paragraph applies where - 

    (2) An exemption conferred by that certificate has effect after commencement, but can be revoked or varied as if it were a direction under section 148(2) of the Act.

     2.  - (1) This paragraph applies where - 

    (2) An exemption conferred by that certificate has effect after commencement, but can be revoked or varied as if it were a direction under section 148(2) of the Act.

     3.  - (1) This paragraph applies where - 

    (2) An exemption conferred by that certificate has effect after commencement, but can be revoked or varied as if it were a direction under section 148(2) of the Act.

Delivery of policies and copies of rules

     4.  - (1) This paragraph applies where immediately before commencement a collecting society - 

    (2) That requirement has effect after commencement as if it were imposed under section 43 of the Act.

Contracts effected under Schedule 6 to the Friendly Societies Act 1974

     5.  - (1) The following transitional provisions and savings have effect in relation to provisions of the Friendly Societies Act 1974.

    (2) Paragraphs 3 to 8 of Schedule 6 to that Act continue to have effect in relation to a contract of insurance effected pursuant to paragraph 1 or 2 of that Schedule before commencement as if - 



SCHEDULE 3
Article 5



PART I

CONSEQUENTIAL AMENDMENTS AND REPEALS: PRIMARY LEGISLATION

The Friendly Societies Act 1955 (c. 19)

     1. Section 6 of the Friendly Societies Act 1955 (extension of powers in connection with sickness benefits) is repealed.

The Reserve and Auxiliary Forces (Protection of Civil Interests) Act 1951 (c.65)

     2.  - (1) Section 54 of the Reserve and Auxiliary Forces (Protection of Civil Interests) Act 1951 (protection of life policies (industrial assurance and collecting societies)) is amended as follows.

    (2) In subsection (1), in paragraph (b) after "policies of assurance upon human life effected" insert "before 1st December 2001".

    (3) After subsection (1) insert - 

    (4) In subsection (9) - 

    (5) After subsection (9) insert - 

    (2) After subsection (1) insert - 

     4.  - (1) Section 56 of that Act (adjustment of rights under policies protected) is amended as follows.

    (2) In subsection (5), for "the Commissioner" substitute "the actuary".

    (3) After subsection (5) insert - 

     5.  - (1) Section 57 of that Act (provisions supplementary to the three preceding sections) is amended as follows.

    (2) Subsection (1) is repealed.

    (3) For subsection (5)[
46] substitute - 

    (4) After subsection (5) insert - 

     6.  - (1) Section 59 of that Act (interpretation and extent of Part VI) is amended as follows.

    (2) Subsection (1) is repealed.

    (3) In subsection (2) - 

    (4) After the definition of "policy" insert - 

    (5) After subsection (2) insert - 

The Insurance Companies Act 1958 (c.72)

     7. The Insurance Companies Act 1958 is repealed.

The Companies Act 1967 (c.81)

     8. The Companies Act 1967 is repealed.

The Friendly and Industrial and Provident Societies Act 1968 (c.55)

     9. In section 23 of the Friendly and Industrial and Provident Societies Act 1968 (short title, citation, construction and extent), in subsection (2) omit "This Act and the Industiral Assurances Acts 1923 to 1958, may be cited together as the Industrial Assurance Acts 1923 to 1968".

The Decimal Currency Act 1969 (c.19)

     10.  - (1) The Decimal Currency Act 1969 is amended as follows.

    (2) In subsection (9) of section 6 (payments under friendly society and industrial assurance contracts) for the definition of "the appropriate authority"[48] substitute - 

    (3) In subsection (11) of section 6 - 

    (4) In subsection (5) of section 7 (provisions supplementary to section 6), for the words from the beginning of that subsection to "include power by any such regulations" substitute "The general rule-making power under section 138 of the Financial Services and Markets Act 2000, as applied by section 8 of the Industrial Assurance and Friendly Societies Act 1948 as that section has effect by virtue of the Financial Services and Markets Act 2000 (Consequential Amendments and Savings) (Industrial Assurance) Order 2001, includes power".

The Insurance Companies Amendment Act 1973 (c.58)

     11. Section 51[51] of the Insurance Companies Amendment Act 1973 (withdrawal of statutory deposits by collecting societies) is repealed.

The Friendly Societies Act 1974 (c.46)

     12. The following provisions of the Friendly Societies Act 1974 are repealed - 

     13. In section 99 of the Friendly Societies Act 1992 (insurance of lives of children under 10) after subsection (4)[52] insert - 

     14.  - (1) Section 19 of the Trade Union and Labour Relations (Consolidation) Act 1992 (application of certain provisions relation to industrial assurance of friendly societies) is amended as follows.

    (2) After subsection (3) insert - 



PART II

CONSEQUENTIAL AMENDMENTS, REVOCATIONS AND SAVINGS: SECONDARY LEGISLATION

The Industrial Assurance (Individual Transfer) Regulations 1928 (S.I. 1928/580)

     15. The Industrial Assurance (Individual Transfer) Regulations 1928 have effect after commencement in relation to the Channel Islands.

The Industrial Assurance (Premium Receipt Books) Regulations 1948 (S.I. 1948/2270)

     16. The Industrial Assurance (Premium Receipt Books) Regulations 1948 have effect after commencement in relation to the Channel Islands.

The Reserve and Auxiliary Forces (Protection of Industrial Assurance &c Policies) Regulations 1951 (S.I. 1951/1407)

     17.  - (1) The Reserve and Auxiliary Forces (Protection of Industrial Assurance &c Policies) Regulations 1951 are amended as follows.

    (2) In paragraph (2) of regulation 1 - 

    (3) After paragraph (3) of regulation 2 insert - 

    (4) In paragraphs (1) and (2) of regulation 3 for "the Commissioner" substitute "the ombudsman scheme".

    (5) In regulation 6 - 

    (6) In regulation 7 - 

    (7) In regulation 8 - 

    (8) In regulation 9 - 

    (9) In the Schedule to the Regulations, in Form A, B, C, D and E[54] - 

     18.  - (1) The Reserve and Auxiliary Forces (Protection of Friendly Society Life Policies) Regulations 1951 are amended as follows.

    (2) In paragraph (2) of regulation 1 - 

    (3) In regulation 5 - 

    (4) In regulation 6, for the words from the beginning to "he shall make an order" substitute "Where the ombudsman determines a complaint duly made under subsection (3) of section 55 in favour of the complainant, the determination shall include a direction".

    (5) In regulation 7 - 

    (6) In the Schedule - 

     19. Regulation 1 of the Industrial Assurance (Decimal Currency) Regulations 1970 is amended as follows - 

The Friendly Societies (Decimal Currency) Regulations 1970 (S.I. 1970/932)

     20. Regulation 1 of the Friendly Societies (Decimal Currency) Regulations 1970 is amended as follows - 

     21. The Industrial Assurance (Premium Receipt Books) (Decimal Currency) Regulations 1970 are revoked.

The Registration of Births and Deaths Regulations 1987 (S.I. 1987/2088)

     22. Regulation 68 of the Registration of Births and Deaths Regulations 1987 (certificates of death for certain purposes) is amended as follows - 

     23. Sub-paragraph (a) of paragraph 105 of Schedule 3 to the Financial Services and Markets Act 2000 (Mutual Societies) Order 2001 (amendments to the Friendly Societies Act 1992) is revoked, and the words omitted by that sub-paragraph are to be treated as if they had not been omitted.



EXPLANATORY NOTE

(This note is not part of the Order)


This Order makes transitional savings and consequential amendments pursuant to the repeal of the Industrial Assurance Act 1923, the Industrial Assurance and Friendly Societies Act 1948, and the revocation of the Industrial Assurance (Northern Ireland) Order 1978 (collectively referred to as 'the industrial assurance legislation') by section 416 of the Financial Services and Markets Act 2000.

Article 3 and Schedule 1 saves those provisions of the industrial assurance legislation which are necessary to preserve the rights of policyholders in relation to existing policies of industrial assurance. The Order modifies a number of those saved provisions to permit, subject to the consent of the policyholder, the collection of premiums in respect of industrial assurance policies by methods other than that which is currently required by the industrial assurance legislation. Modifications of saved provisions also permit the recording of premiums paid by receipts or by annual statements, rather than recording those payments in premium receipt books.

Schedule 2 contains a number of transitional provisions.

Schedule 3 makes consequential amendments to references to industrial assurance legislation in other Acts and statutory instruments.


Notes:

[1] 2000 c. 8.back

[2] 1923 c. 8.back

[3] 1948 c. 39.back

[4] S.I. 1979/1574 (N.I. 13).back

[5] S.I. 2001/2361.back

[6] 1978 c. 30.back

[7] Subsection (1) was amended by the Companies Act 1967 (c. 81), s. 130(4)(a), Schedule 8, Part I.back

[8] Subsection (1A) was inserted by the Companies Act 1967, s. 99, Schedule 6, Part II, and substituted by the Friendly Societies Act 1992 (c. 40), s.100, Schedule 19, paragraphs 1, 2(1).back

[9] Amendments to subsection (2) not relevant to this modification were made by the Friendly Societies Act 1992, section 100, Schedule 19, paragraphs 1, 2(1).back

[10] Section 23 was substituted by the Friendly Societies Act 1992 (c. 40), section 100, Schedule 19, Part I, paragraphs 1, 7.back

[11] Subsection (3) was amended, and subsection (5) repealed, by the Companies Act 1967, section 129, Schedule 7.back

[12] Subsection (1) was substituted, from a date to be appointed, by the Friendly Societies Act 1992, section 100, Schedule 19, paragraphs 1, 8. That substitution was not brought into force before the repeal of the 1923 Act.back

[13] S.I. 2001/1534.back

[14] Section 32 was substituted by the Friendly Societies Act 1992 (c. 40), section 100, Schedule 19, Part I, paragraphs 1, 9.back

[15] 1978 c. 30.back

[16] Subsection (1) was amended by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 5(d); the Companies Act 1967, section 87; and the Criminal Justice Act 1982, sections 38, 46.back

[17] Subsection (2) of section 39 was repealed by the Companies Act 1967, section 130(4), Schedule 8, Part I.back

[18] Subsection (2) was amended by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 13.back

[19] S.I. 2001/1534.back

[20] Subsections (1) and (4) of section 12 were repealed by the Companies Act 1967 (c. 81), section 129, Schedule 7.back

[21] Subsection (2) of section 12 was amended by the Friendly Societies Act 1974 (c. 46), section 116(1), Schedule 9, paragraph 11.back

[22] Subsection (3) was amended, and subsection (4) repealed, by the Companies Act 1967, section 129, Schedule 7.back

[23] Subsections (1) and (5) of section 16 were repealed by the Friendly Societies Act 1974, section 116(1), Schedule 11, and subsection (4) was repealed by the Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52), section 300(1), Schedule 1.back

[24] As originally enacted, subsection (2) of section 16 applied both to collecting societies and to industrial assurance companies. The subsection was repealed so far as it related to companies by the Companies Act 1967, section 130(4)(d), Schedule 8, Part IV, and provision similar to subsection (2) was made by section 86(1)(a) of the Companies Act 1967 (c. 81) in relation to any contravention of a provision of the 1923 Act or the 1948 Act by an industrial assurance company. Section 86 of the Companies Act 1967 is repealed by Schedule 3 to this Order.back

[25] Subsections (1) and (5) were repealed by the Friendly Societies Act 1974, section 116(4), Schedule 11. Subsection (4) was repealed by the Trade Union and Labour Relations (Consolidation) Act 1992, section 300(1), Schedule 1.back

[26] Section 17A was inserted by the Statute Law (Repeals) Act 1974 (c.22), section 2. Subsection (2) of section 17A was repealed by the Friendly Societies Act 1992 (c. 40), section 120(2), Schedule 22, Part I.back

[27] "Commission" was substituted in subsection (1) was amended by the Friendly Societies Act 1992, section 100, Schedule 19, Part I, paragraph 15.back

[28] Amendments not relevant to this modification were made to subsection (1) by the Friendly Societies Act 1974 (c. 46), section 116(1), Schedule 9, paragraph 13 and the Friendly Societies Act 1992, sections 100, 120(2), Schedule 19, Part I, paragraph 16, and Schedule 22, Part I. Paragraph (d) of subsection (1), as originally enacted, was repealed by the Industrial Relations Act 1971 (c. 72), section 169, Schedule 9. A new paragraph (d) was inserted by the Trade Union and Labour Relations Act 1974 (c. 52), section 25(1), Schedule 3, paragraph 5, and subsequently repealed by the Trade Union and Labour Relations (Consolidation) Act 1992 (c.52), section 300(1), Schedule 1.back

[29] Subsection (4) was amended by the Friendly Societies Act 1974, section 116(4), Schedule 11.back

[30] Paragraph (d) was inserted into the Third Schedule by the Friendly Societies Act 1974, section 116(1), Schedule 9, paragraph 15. Paragraphs (c) and (d) were repealed by the Friendly Societies Act 1992, section 120(2), Schedule 22, Part I.back

[31] Paragraph (b) was amended by the Friendly Societies Act 1992, section 120(2), Schedule 22, Part I.back

[32] The definition of "collecting society" was inserted by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 18(1).back

[33] The definition of "exempted business" was amended in paragraph (c) by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 18(2).back

[34] The definition of "industrial assurance company" was amended by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 18(1).back

[35] Paragraph (2A) was inserted by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 18(3).back

[36] Article 29 was substituted by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 25.back

[37] Paragraph (1) was substituted, from a date to be appointed, by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 26. That substitution was not brought into force before the revocation of this Order.back

[38] Paragraph (3) was amended by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 20.back

[39] Article 36 was substituted by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 27.back

[40] Paragraph (1) was amended by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 20.back

[41] 1951 c. 65.back

[42] The definition of "relevant insurance" was amended by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 30.back

[43] These words were substituted by the Friendly Societies Act 1992, Schedule 19, paragraph 31(a).back

[44] The reference to the Commission was substituted by the Friendly Societies Act 1992, section 100, Schedule 19, paragraph 20(1).back

[45] Subsection (1) of section 10 was amended by, and subsections (2) and (3) were repealed by, the Friendly Societies Act 1992 (c. 40), section 120(2), Schedule 22, Part I. Subsection (4) was repealed by the Companies Act 1967 (c.81), section 129, Schedule 7.back

[46] Subsection (5) was repealed in relation to industrial assurance companies by the Companies Act 1967 (c. 81), section 130(4), Schedule 8, Part V, and provision similar to subsection (5) was made by section 86(1)(a) of that Act in relation to any contravention by an industrial assurance company of regulations made under section 57 of the Reserve and Auxiliary Forces (Protection of Civil Interests) Act 1951. Section 86 of the Companies Act 1967 is repealed by this Order.back

[47] 1992 c. 40.back

[48] The definition of "the appropriate authority" was amended by S.I. 1995/710, regulation 5.back

[49] Paragraph (b)(i) was amended by S.I. 1995/710, regulation 5.back

[50] Paragraph (b)(iii) was amended by S.I. 1979/1574, article 53, Schedule 8.back

[51] Section 51 was amended by S.I. 1995/710, regulation 5.back

[52] Subsection (4) of section 99 was omitted by S.I. 2001/2617, Schedule 3, paragraph 105(c).back

[53] The definition of "industrial assurance company" in subsection (5) of section 99 of the Friendly Societies Act 1992 is inserted by this Order, Schedule 3, paragraph 13.back

[54] In Forms A, B, C, D and E the references to the Friendly Societies Commission and the Commission were substituted by S.I. 1995/710, regulation 5.back



ISBN 0 11 039346 5


 © Crown copyright 2001

Prepared 21 February 2002


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