Reform history

Friendly Societies Act 1992

37 versions · 1992-03-16
2020-12-31
Friendly Societies Act 1992
2020-10-01
Friendly Societies Act 1992
2020-06-26
Friendly Societies Act 1992
2018-03-13
Friendly Societies Act 1992
2018-01-03
Friendly Societies Act 1992
2018-01-01
Friendly Societies Act 1992
2017-10-03
Friendly Societies Act 1992
2017-07-31
Friendly Societies Act 1992

Changes on 2017-07-31

@@ -7672,27 +7672,27 @@
## Part II — Northern Ireland Legislation
#### Financial provision for Commission.
#### Grant of unconditional or conditional authorisation.
#### Imposition of conditions on current authorisation.
#### Restriction on combinations of business.
#### Functions of the Financial Conduct Authority and the Prudential Regulation Authority in relation to friendly societies
#### Applications from certain existing friendly societies.
#### Extension of current authorisation.
#### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 36A
#### Interpretation of Part IV.
#### Contracts effected in contravention of section 31(1).
#### Appointment of actuary by societies with long term business.
#### Valuation of assets and liabilities.
#### Triennial investigations into condition of certain societies.
#### Annual investigation into condition of certain societies.
#### Margins of solvency in relation to insurance business of certain societies.
#### Adequacy of assets.
#### Failure to maintain prescribed margin of solvency.
### Adequacy of assets and premiums
@@ -7700,7 +7700,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### The criteria of prudent management.
#### Adequacy of premiums in respect of long term insurance.
##### 49B
@@ -7888,7 +7888,7 @@
##### 67D
#### Duty to prepare group accounts
#### Friendly Societies Act group accounts
##### 90A
@@ -10072,9 +10072,9 @@
[^key-45a02626cc06bc38cc4a526a95eceb56]: [Sch. 14A](https://www.legislation.gov.uk/ukpga/1992/40/schedule/14A) inserted (with effect in accordance with reg. 1(5) of the amending S.I.) by [The Statutory Auditors and Third Country Auditors Regulations 2017 (S.I. 2017/516)](https://www.legislation.gov.uk/uksi/2017/516), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2017/516/regulation/1/2), [11](https://www.legislation.gov.uk/uksi/2017/516/regulation/11)
[^key-625c2ac47e24c87d1dabd2517d98e2be]: Words in [s. 69A(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/69A/4) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes) by [The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701)](https://www.legislation.gov.uk/uksi/2017/701), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/2)[(3)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/3)[(4)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/4)[(6)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/6), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/uksi/2017/701/schedule/4/paragraph/3/2) (with [reg. 7](https://www.legislation.gov.uk/uksi/2017/701/regulation/7))
[^key-fb7d8a5904bbee9b098b992ccc9bb7ec]: Words in [s. 69E(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/69E/5) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes) by [The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701)](https://www.legislation.gov.uk/uksi/2017/701), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/2)[(3)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/3)[(4)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/4)[(6)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/6), [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/uksi/2017/701/schedule/4/paragraph/3/3) (with [reg. 7](https://www.legislation.gov.uk/uksi/2017/701/regulation/7))
[^key-625c2ac47e24c87d1dabd2517d98e2be]: Words in [s. 69A(4)](https://www.legislation.gov.uk/ukpga/1992/40/section/69A/4) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes) by [The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701)](https://www.legislation.gov.uk/uksi/2017/701), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/2)[(3)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/3)[(4)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/4)[(6)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/6), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/uksi/2017/701/schedule/4/paragraph/3/2) (with [reg. 7](https://www.legislation.gov.uk/uksi/2017/701/regulation/7))
[^key-fb7d8a5904bbee9b098b992ccc9bb7ec]: Words in [s. 69E(5)](https://www.legislation.gov.uk/ukpga/1992/40/section/69E/5) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes) by [The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701)](https://www.legislation.gov.uk/uksi/2017/701), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/2)[(3)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/3)[(4)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/4)[(6)](https://www.legislation.gov.uk/uksi/2017/701/regulation/1/6), [Sch. 4 para. 3(3)](https://www.legislation.gov.uk/uksi/2017/701/schedule/4/paragraph/3/3) (with [reg. 7](https://www.legislation.gov.uk/uksi/2017/701/regulation/7))
##### 69A
@@ -10240,7 +10240,7 @@
Where the committee of management of a friendly society prepares IAS group accounts, it must state in the notes to those accounts that the accounts have been prepared in accordance with international accounting standards.
#### Consistency of accounts
#### Disclosures relating to members of the committee of management and employees of the society
##### 69I
@@ -10376,9 +10376,9 @@
- (b) “transferable securities” means anything which is a transferable security for the purposes of [Directive 2004/39/EC](https://www.legislation.gov.uk/european/directive/2004/0039) of the European Parliament and of the Council on markets in financial instruments.
#### Amalgamation of friendly societies.
A. Long term business of one or more of the following classes:
#### Transfer of engagements by or to friendly society.
B. General business of one or more of the following classes:
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2017-07-03
Friendly Societies Act 1992
2017-06-29
Friendly Societies Act 1992
2017-05-01
Friendly Societies Act 1992
2017-04-07
Friendly Societies Act 1992
2016-10-31
Friendly Societies Act 1992
2016-01-01
Friendly Societies Act 1992
2015-03-12
Friendly Societies Act 1992
2014-08-01
Friendly Societies Act 1992
2014-04-22
Friendly Societies Act 1992
2013-04-01
Friendly Societies Act 1992
2011-04-12
Friendly Societies Act 1992
2010-04-06
Friendly Societies Act 1992
2010-01-01
Friendly Societies Act 1992
2009-10-01
Friendly Societies Act 1992
2009-01-16
Friendly Societies Act 1992
2008-06-29
Friendly Societies Act 1992
2008-04-06
Friendly Societies Act 1992
2007-12-10
Friendly Societies Act 1992
2007-11-01
Friendly Societies Act 1992
2007-10-01
Friendly Societies Act 1992
2007-04-01
Friendly Societies Act 1992
2005-12-05
Friendly Societies Act 1992
2005-10-01
Friendly Societies Act 1992
2005-07-20
Friendly Societies Act 1992
2005-04-06
Friendly Societies Act 1992
2005-04-01
Friendly Societies Act 1992
2005-01-11
Friendly Societies Act 1992
2003-12-01
Friendly Societies Act 1992
1992-03-16
Friendly Societies Act 1992
original version Text at this date