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Commencement Orders bringing legislation that affects this Act into force:
(1)Notwithstanding anything in the rules of any society, the committee of a society may by resolution passed during the appropriate period after the commencement of this Act [F1or of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 1993] make such amendments of the rules of the society as may be consequential on the provisions of this Act [F1or of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 1993].
(2)For the purposes of the preceding subsection the appropriate period after the commencement of this Act, in relation to any society, shall be whichever is the longer of the following two periods, that is to say—
(a)the period of one year beginning with the date of the commencement of this Act, and
(b)the period beginning with the date of the commencement of this Act and ending with the date on which an amendment of the rules of that society is first registered after that date . . . F2 under section 10 of the Act of 1965.
[F3(2A)For the purposes of subsection (1) the appropriate period after the commencement of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 1993 shall be the period of one year beginning with the date of coming into force of those Regulations.]
(3)Notwithstanding anything . . . F2 in section 10 of the Act of 1965, . . . F2 the F4 . . . F2 shall not be required to register any amendment of a society’s rules unless such consequential amendments of the rules of that society as are mentioned in subsection (1) of this section either have been made before the application for registration of that amendment or are to be effected by that amendment.
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