Miscellaneous and supplementary

21 Interpretation.

(1)

In this Act, except so far as the context otherwise requires, the following expressions have the following meanings respectively, that is to say—

  • F1“accounts" means the profit and loss account required to be prepared by section 226 of the Companies Act 1985 as applied by regulation 3 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 1993;

    “ M1Act of 1896” means the Friendly Societies Act 1896;

    “Act of 1965” means the M2Industrial and Provident Societies Act 1965;

    “annual return", . . . F2 in relation to a society registered under the Act of 1965, means the annual return which that society is required to send to the F3Authority by section 39(1) of that Act;

    F4. . .;

    “exempt society” has the meaning assigned to it by section 4(4) of this Act;

    F5“group accounts" means the accounts required to be prepared by section 227 of the Companies Act 1985 as applied by regulation 3 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 1993.

    “industrial and provident society” means a society registered under the Act of 1965;

  • F1“qualified auditor" means a person eligible for appointment as an auditor of the society under Part II of the Companies Act 1989 as applied by paragraph 3 of Schedule 9 to those Regulations;

    “registered branch” means a branch registered under the Act of 1896 of a society registered under that Act;

    “Scottish society” means any body which is . . . F2 a society registered under the Act of 1965 . . . F2F6whose registered office is situated in Scotland;

    “society” means any body which is . . . F2 a society registered under the Act of 1965;

    “subsidiary” has the meaning assigned to it by section 15 of this Act;

    “year of account”—

    (a)

    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

    (b)

    in relation to a society registered under the Act of 1965, means any period required by section 39 of that Act to be included in an annual return of that society.

(2)

In this Act “the appropriate registration Act”—

(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8

(b)

in relation to a society registered under the Act of 1965 or to a member of the committee of any such society, means the Act of 1965;

and any reference to an offence under the appropriate registration Act is a reference . . . F2 to an offence under section 61 of the Act of 1965 . . . F2

(3)

In this Act, “the current year of account”, in relation to the appointment of an auditor or auditors, means the year of account in which the question of that appointment arises, and “the preceding year of account” means the year of account immediately preceding the current year of account.

(4)

In this Act, except so far as the context otherwise requires—

(a)

references to a society registered and to the registration of a society under the Act of 1896 include respectively references to a registered branch and to the registration under that Act of a branch of a society so registered; and

(b)

references to a society registered under the Act of 1965 include references to a society deemed to be so registered by virtue of section 4 of that Act.