SCHEDULES

C1SCHEDULE 15 Amalgamations, Transfers of Engagements and Conversion: Supplementary

Annotations:
Modifications etc. (not altering text)

Part II Confirmation by F5appropriate authority

Annotations:
Amendments (Textual)

Confirmation by F6appropriate authority: General

Annotations:
Amendments (Textual)

10

1

Where the F4appropriate authority would be precluded—

a

from confirming an amalgamation or transfer by reason of any of the defects specified in paragraph 9(1) above, or

b

from confirming a conversion by reason of any of the defects specified in paragraph 9(2) above, F1or

c

from confirming a conversion by reason of paragraph 11 below,

it may give to any friendly society participating in the amalgamation or transfer or, as the case may be, to the society proposing to convert a direction under sub-paragraph (2) below.

2

A direction under this sub-paragraph is a direction requiring a friendly society—

a

to take such steps to remedy the defect or defects, including the calling of a further meeting, F2or (as the case may be) to remove the risk referred to in paragraph 11 below, as are specified in the direction; and

b

to furnish the F4appropriate authority with evidence that those steps have been taken;

and if the F4appropriate authority is satisfied that the steps have been taken and the defect or defects has or have been substantially remedied, F3or (as the case may be) that the risk has been removed, the F4appropriate authority shall confirm the amalgamation, transfer or conversion.