SCHEDULES

SCHEDULE 18 Mutuals

Part II Friendly Societies: Subsidiaries and Controlled Bodies

Qualifying bodies

10

1

Subsections (2) to (5) of section 13 (incorporated friendly societies allowed to form or acquire control or joint control only of qualifying bodies) cease to have effect.

2

As a result, omit—

a

subsections (8) and (11) of that section, and

b

Schedule 7 to the 1992 Act (activities which may be carried on by a subsidiary of, or body jointly controlled by, an incorporated friendly society).