The Friendly Societies (Amendment) (EU Exit) Regulations 2018

Made: 27th September 2018

Laid before Parliament: 28th September 2018

Coming into force in accordance with regulation 1

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Citation and commencement

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PART 1 — Amendment of primary legislation

Amendment of the Friendly Societies Act 1992

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Amendment of section 52 (applications to court)

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Amendment of section 72 (auditors' appointment, tenure, qualifications, etc)

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Amendment of section 74 (signature of auditor's report)

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Amendment of section 74A (senior statutory auditor)

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Amendment of section 78A (interpretation of Part 6)

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Amendment of section 86 (transfer of engagements by or to friendly society)

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Amendment of section 87 (actuary's report as to margin of solvency)

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Amendment of section 88 (actuary's report on transfer of long term business)

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Amendment of section 117 (insurance business etc)

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Amendment of section 119 (general interpretation)

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Amendment of Schedule 14 (auditors: appointment, tenure, qualifications and remuneration)

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Amendment of Schedule 14A (appointment and removal of auditors: societies to which audit directive applies)

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

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PART 2 — Amendment of subordinate legislation

Amendment of the Friendly Societies (Accounts and Related Provisions) Regulations 1994

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Signed

Rebecca Harris — Paul Maynard — Two of the Lords Commissioners of Her Majesty's Treasury — 2018-09-27

Explanatory note

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Footnotes

[^f00001]: 2018 c.16.

[^f00002]: 1992 c.40.

[^f00003]: Subsection (2)(c) was substituted by S.I. 1994/1984 and amended by S.I. 2015/575. Subsection (2) was amended by S.I. 2013/496. Other amendments have been made to this subsection but none is relevant.

[^f00004]: Subsection (3) was inserted by S.I. 2017/516.

[^f00005]: Section 74 was substituted, together with sections 74A to 74C, by S.I. 2008/1140. Amendments have been made to section 74 but none is relevant.

[^f00006]: Section 74A was substituted, together with sections 74, 74B and 74C, by S.I. 2008/1140.

[^f00007]: Section 78A was inserted by S.I. 2005/2211.

[^f00008]: In subsection (1), the definition of “the Audit Directive” was inserted by S.I. 2008/948.

[^f00009]: Subsection (3) was substituted by S.I. 2017/516.

[^f00010]: Subsection (12) was inserted by S.I. 2001/3649 and amended by S.I. 2013/496.

[^f00011]: Paragraph (a) was substituted by S.I. 1994/1984 and amended by S.I. 1997/2849. Subsection (2) was amended by S.I. 2001/2617 and S.I. 2013/496.

[^f00012]: Paragraph (a) was substituted by S.I. 1994/1984 and amended by S.I. 1997/2849. Other amendments have been made to section 88 but none is relevant.

[^f00013]: Subsection (6) was substituted by S.I. 1993/2519 and amended by S.I. 1994/1984.

[^f00014]: Subsection (7) was substituted by S.I. 1993/2519.

[^f00015]: Subsection (9) was inserted by S.I. 1994/1984.

[^f00016]: In subsection (1), the definition of “manager” was substituted by S.I. 1994/1984.

[^f00017]: In subsection (1), the definition of “supervisory authority” was inserted by S.I. 1994/1984 and amended by S.I. 2001/3649.

[^f00018]: Subsection (1C) was inserted by S.I. 2001/3649.

[^f00019]: Paragraph 3A was inserted by S.I. 2008/948.

[^f00020]: Paragraph 10A was inserted by S.I. 2008/1140 and sub-paragraph (1) was amended by S.I. 2017/516. Other amendments have been made to paragraph 10A but none is relevant.

[^f00021]: Schedule 14A was inserted by S.I. 2017/516.

[^f00022]: Sourcebooks made by the Financial Conduct Authority are available on https://www.handbook.fca.org.uk/handbook and copies of the rules referred to can be obtained from the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN, where they are also available for inspection.

[^f00023]: 2000 c.8.

[^f00024]: The Rulebook is available onhttp://www.prarulebook.co.uk and copies of the rules referred to can be obtained from the Prudential Regulation Authority, 20 Moorgate, London EC2R 6DA, where they are also available for inspection.

[^f00025]: Sub-paragraph (1A) was inserted by S.I. 1994/1984 and amended by S.I. 1997/2849 and S.I. 2013/496.

[^f00026]: Sub-paragraph (3)(b) was substituted by S.I. 1994/1984 and amended by S.I. 2013/496. Sub-paragraph (3)(c) was also amended by S.I. 2013/496.

[^f00027]: Paragraph 11 was substituted by S.I. 2001/2617 and amended by S.I. 2013/496.

[^f00028]: Paragraph 15 was substituted by S.I. 1994/1984.

[^f00029]: Sub-paragraph (1)(c)(ii) was substituted by S.I. 2001/3649.

[^f00030]: Sub-paragraph (1)(c)(iii) was substituted by S.I. 2001/3649.

[^f00031]: Sub-paragraph (1)(c)(vi) was amended by S.I. 2015/575.

[^f00032]: Sub-paragraph (2)(b) was amended by S.I. 2001/2617. Other amendments have been made to sub-paragraph (2) by that S.I. and S.I. 2013/496.

[^f00033]: Sub-paragraph (2)(d) was amended by S.I. 1997/2849 and S.I. 2013/496.

[^f00034]: Sub-paragraph (3) was amended by S.I. 1997/2849 and S.I. 2013/496.

[^f00035]: Sub-paragraph (6) was substituted by S.I. 2001/3649 and amended by S.I. 2013/496.

[^f00036]: Paragraph 15A was inserted by S.I. 1993/2519 and substituted by S.I. 1994/1984.

[^f00037]: Sub-paragraph (1)(c)(ii) was substituted by S.I. 2001/3649.

[^f00038]: Sub-paragraph (1)(c)(iii) was substituted by S.I. 2001/3649.

[^f00039]: Sub-paragraph (1)(c)(v) was amended by S.I. 2015/575.

[^f00040]: 2000 c.8.

[^f00041]: Sub-paragraph (2)(a) was amended by S.I. 2001/2617 and the words before sub-paragraph (2)(a) were amended by S.I. 2013/496. Sub-paragraph (2)(c) was amended by S.I. 1997/2849 and S.I. 2013/496.

[^f00042]: Sub-paragraph (3) was amended by S.I. 1997/2849 and S.I. 2013/496.

[^f00043]: Sub-paragraph (6) was substituted by S.I. 2001/3649 and amended by S.I. 2013/496.

[^f00044]: Paragraph 16A was inserted by S.I. 1994/1984 and amended by S.I. 1997/2849 and S.I. 2013/496.

[^f00045]: Paragraph 16B was inserted by S.I. 1994/1984 and amended by S.I. 1997/2849 and S.I. 2013/496.

[^f00046]: Paragraph 18 was substituted by S.I. 1994/1984 and sub-paragraph (1) was amended by S.I. 2001/3649. Paragraph 18 was also amended by S.I. 1997/2849.

[^f00047]: S.I. 1994/1983.

[^f00048]: Amendments have been made to Schedule 4 but none is relevant.

Editorial notes