PART IIIAUTHORISATION OF FRIENDLY SOCIETIES
Authorisation to carry on business
Grant of authorisation by Commission: general4
For subsection (4) of section 32 of the 1992 Act (grant of authorisation by Commission: general) substitute–
4
Authorisation entitles a friendly society to carry on business anywhere in the United Kingdom unless, in the case of a society which is not one to which section 37(2) or (3) below applies, the terms of its authorisation are at its request expressly restricted to a part of the United Kingdom.
Grant of unconditional or conditional authorisation5
In subsection (2) of section 34 of the 1992 Act (grant of unconditional or conditional authorisation), at the end of paragraph (a) insert the words “and, in the case of a society to which section 37(2) or (3) below applies, each controller of the society is a fit and proper person to be such a controller”.