(1)If, on any modification of the statutory provisions in force in Great Britain or Northern Ireland relating—
(a)to companies; or
(b)to persons or bodies of persons, other than friendly societies, whether incorporated or not, carrying on insurance business (including reinsurance business),
it appears to the Treasury to be expedient to modify the relevant provisions of this Act for the purpose of assimilating the law relating to friendly societies to the law as so modified, the Treasury may, by order, make such modifications of the relevant provisions of this Act as they think appropriate for that purpose.
(2)The “relevant provisions of this Act” are the following provisions as for the time being in force, that is to say—
(a)so much of Part II as relates to winding up;
(b)Part IV;
(c)Part V;
(d)Part VI; and
(e)Part VIII.
(3)The power conferred by subsection (1) above includes power to modify the relevant provisions of this Act so as to—
(a)confer power to make orders, regulations, rules or other subordinate legislation;
(b)create criminal offences; or
(c)provide for the charging of fees but not any charge in the nature of taxation.
(4)An order under this section may—
(a)make consequential amendments of or repeals in other provisions of this Act; or
(b)make such transitional or saving provisions as appear to the Treasury to be necessary or expedient.
(5)In this section—
“modification” includes any additions and, as regards modifications of the statutory provisions relating to companies, any modification whether effected by any future Act or by an instrument made after the passing of this Act under an Act whenever passed; and
“statutory provisions” includes the provisions of any instrument made under an Act.
(1)The [F2appropriate authority] may, on the application or with the consent of a friendly society, F3. . . direct that all or any of the provisions of Part F4. . . VI of this Act [F5, or any provision of regulations made for the purposes of that Part,] shall not apply to the society or shall apply to it with such modifications as may be specified in the [F6direction].
(2)[F7A direction] under this section may be subject to conditions.
(3)[F8A direction] under this section may be revoked by the [F2appropriate authority] at any time; and the [F2appropriate authority], may at any time vary any such [F9direction] on the application or with the consent of the society to which it applies.
[F10(3A)The PRA must consult the FCA before making, varying or revoking a direction under this section.
(3B)The PRA must send the FCA a copy of any direction, variation or revocation under this section.]
F11(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F11(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F11(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F12(7)The FCA must keep in a register kept by it for the purposes of this subsection a copy of any direction, variation or revocation under this section.]
F13(8)The register kept for the purposes of subsection (7) above shall be available for inspection on reasonable notice by members of the public.
F13(9)The [F14[F15FCA] shall keep] a copy of—
(a)any direction F16... under [F17this section], and
(b)any revocation or variation of any such direction,
[F18and the central office shall keep the copy] in the public file of the society to which it relates.
Textual Amendments
F1Word in the sidenote to s. 103 substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F2Words in s. 103(1)(3) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 42(2) (with Sch. 12)
F3Words in s. 103(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2, 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F4Words in s. 103(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2, 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F5Words in s. 103(1) inserted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(b)(iv) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F6Word in s. 103(1) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(b)(v) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F7Words in s. 103(2) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(c) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F8Words in s. 103(3) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(d)(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F9Word in s. 103(3) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(d)(iii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F10S. 103(3A)(3B) inserted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 42(3) (with Sch. 12)
F11S. 103(4)-(6) repealed (1.12.2001) by S.I. 2001/2617, arts. 2, 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F12S. 103(7) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 42(4) (with Sch. 12)
F13S. 103(4)-(9) inserted (1.8.1996) by S.I. 1996/1188 art. 6
F14Words in s. 103(9) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(g)(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F15Word in s. 103(9) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 42(5)(a) (with Sch. 12)
F16Words in s. 103(9)(a) omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 42(5)(b) (with Sch. 12)
F17Words in s. 103(9)(a) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(g)(ii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F18Words in s. 103(9) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 107(g)(iii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
(1)The [F19FCA] shall prepare and maintain a file relating to each friendly society (to be known as the public file) and the file shall—
(a)contain the documents or, as the case may be, copies of the documents and the records of the matters directed by or under any provision of this Act to be kept in the public file of the society; and
(b)be available for inspection on reasonable notice by members of the public [F20subject to paragraph (2A) below] below.
[F21(1A)The requirement to prepare and maintain the public file of a friendly society does not apply in relation to a document, a copy of a document or a record, if the [F19FCA]—
(a)prepares and maintains an electronic copy of the document, copy or record; and
(b)places the electronic copy on the [F19FCA]’s website.]
(2)Any member of the public shall be entitled, [F22subject to paragraph (2A) below], to be furnished with a copy of all or any of the documents or records kept in the public file of a friendly society.
[F23(2A)The [F19FCA] may charge a reasonable fee for making the public file available to any person for inspection under subsection (1)(b) above, [F24for making an electronic copy available under subsection (1A) above] or for furnishing any person with a copy of any documents or records under subsection (2) above.]
(3)The [F19FCA] may keep in the public file of a registered friendly society any documents relating to a registered branch of the society which correspond to documents relating to the society which it is required to keep on that file.
Textual Amendments
F19Word in s. 104 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 43 (with Sch. 12)
F20Words in s. 104(1)(b) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 108(b)(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1) also substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 203(5)(a)
F21S. 104(1A) inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 5(a)
F22Words in s. 104(2) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 108(b)(ii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1) also substituted (1.12.2001) by S.I. 2001/3538, arts. 1, 203(5)(b)
F23S. 104(2A) inserted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 Pt. 1 para. 108(c) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F24Words in s. 104(2A) inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 5(b)
Stamp duty shall not be chargeable upon any document required or authorised by this Act, the 1974 Act or by the constitution of an incorporated friendly society or of a registered friendly society or registered branch.
(1)A land transaction effected by or in consequence of—
(a)an amalgamation of two or more friendly societies under section 85,
(b)a transfer of the engagements of a friendly society under section 86; or
(c)a transfer of the engagements of a friendly society pursuant to a direction given by the [F26appropriate authority] under section 90,
is exempt from charge for the purposes of stamp duty land tax.
(2)Relief under this section must be claimed in a land transaction return or an amendment of such a return.
(3)In this section—
“land transaction” has the meaning given by section 43(1) of the Finance Act 2003;
“land transaction return” has the meaning given by section 76(1) of that Act.]
Textual Amendments
F25S. 105A inserted (1.12.2003) by The Stamp Duty Land Tax (Consequential Amendment of Enactments) Regulations 2003 (S.I. 2003/2867), reg. 1, Sch. para. 20
F26Words in s. 105A(1)(c) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 44 (with Sch. 12)
(1)Subject to subsection (3) below, any provision to which this section applies, whether contained in the constitution of a friendly society or in any contract with a friendly society or otherwise, shall be void.
(2)This section applies to any provision for—
(a)exempting any member of the committee of management, other officer, or person employed as auditor of a friendly society from any liability which, by virtue of any rule of law, would otherwise attach to him in respect of the negligence, default, breach of duty or breach of trust of which he may be guilty in relation to the society; or
(b)indemnifying any such person against any such liability.
(3)Subsection (1) above shall not prevent a friendly society—
(a)from purchasing and maintaining for such a person insurance against any such liability; or
(b)from indemnifying such a person against any liability incurred by him in defending any proceedings (whether criminal or civil) in which judgement is given in his favour or in which he is acquitted.
(4)[F27Section 1157 of the Companies Act 2006] (F28... which empowers the court to grant relief in certain cases of negligence, default, breach of duty or breach of trust) shall apply in relation to officers and auditors of a friendly society as it applies in relation to officers and auditors of a company.
(5)For the purposes of this section a reference to an officer of a friendly society includes a reference to the appropriate actuary.
Textual Amendments
F27Words in s. 106(4) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 133(6)(a) (with art. 10)
F28Words in s. 106(4) omitted (1.10.2009) by virtue of The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 133(6)(b) (with art. 10)
(1)Notwithstanding any limitation on the time for the taking of proceedings contained in any enactment, summary proceedings for any offence under this Act [F29, other than an offence in relation to which provision is made in subsection (1A),] may, subject to subsection (2) below, be commenced [F30by the FCA] at any time within the period of one year beginning with the date on which evidence sufficient in [F31its opinion] to justify a prosecution for the offence, comes to its knowledge.
[F32(1A)Notwithstanding any limitation on the time for taking proceedings contained in any Act, summary proceedings for the offences under the provisions listed in subsection (1B), in the circumstances specified in that subsection in relation to those provisions, may be commenced by the PRA, after notifying the FCA, or by the FCA, after notifying the PRA, at any time within the period mentioned in subsection (1C).
(1B)The provisions and the circumstances are—
(a)section 20 (dissolution by consent), if the failure referred to in subsection (6) or (8) of that section relates to a failure to give notice to the PRA;
(b)section 21 (voluntary winding up), if the failure referred to in subsection (4) of that section relates to a failure to send a copy of the resolution to the PRA in accordance with subsection (2) of that section;
(c)section 25 (power of court to declare dissolution of building society void), if the failure referred to in subsection (5) of that section relates to a failure to send a copy of an order to the PRA in accordance with subsection (4) of that section;
(d)section 62 (powers to obtain information and documents etc.), if—
(i)the failure referred to in subsection (9) of that section is a failure to furnish any information or report, to produce any documents or material, or to provide any explanation or make any statement to the PRA, or
(ii)the information, explanation or statement referred to in subsection (10) or (11) of that section is furnished, provided or made to the PRA;
(e)section 65(4) and (5) (investigations), if the person appointed under subsection (1) of that section was appointed by the PRA;
(f)section 87(6) (actuary’s report), if the PRA directed the transferee to furnish it with a report under subsection (3) of that section;
(g)Schedule 10, paragraph 24 (winding up by the court), if the failure referred to in sub-paragraph (4) of that paragraph relates to a failure to give notice to the PRA in accordance with sub-paragraph (3) of that paragraph;
(h)Schedule 10, paragraph 54 (winding up by the High Court), if the failure referred to in sub-paragraph (4) of that paragraph relates to a failure to give notice to the PRA in accordance with sub-paragraph (3) of that paragraph;
(i)Schedule 14, paragraph 3 (auditors: appointment), if the failure referred to in sub-paragraph (2) of that paragraph relates to a failure to give notice to the PRA in accordance with sub-paragraph (1) of that paragraph;
(j)Schedule 14, paragraph 9 (power of appropriate authority to require second audit), if the failure referred to in sub-paragraph (5) of that paragraph relates to a direction given by the PRA under paragraph (1) of that paragraph or a direction to send a copy of the report to the PRA in accordance with sub-paragraph (3) of that paragraph;
(k)Schedule 14, paragraph 10 (removal of auditors), if the failure referred to in sub-paragraph (3) of that paragraph relates to a failure to give notice to the PRA in accordance with sub-paragraph (2) of that paragraph;
(l)Schedule 14, paragraph 12 (resignation of auditors), if the default referred to in sub-paragraph (5) of that paragraph relates to a failure to give a copy of the notice to the PRA in accordance with sub-paragraph (4) of that paragraph; and
(m)Schedule 14, paragraph 15 (offences of failing to comply with paragraph 14 (statement by person ceasing to hold office)), if—
(i)the default referred to in sub-paragraph (1) of that paragraph relates to a failure to send a copy of a notice to the PRA in accordance with paragraph 14(2) or (7) of that Schedule, or
(ii)the default referred to in sub-paragraph (2) is the default of a PRA-authorised person.
(1C)The period is one year beginning with the date on which evidence comes to the knowledge of one or both of the FCA and the PRA, being evidence sufficient in the opinion of the FCA or the PRA (as the case may be) to justify a prosecution.]
(2)Nothing in subsection (1) [F33or (1A)] above shall authorise the commencement of proceedings for any offence at a time more than three years after the date on which the offence was committed.
(3)For the purposes of [F34subsections (1) and (1C)] above a certificate, purporting to be signed by or on behalf of the [F35FCA or the PRA], as to the date on which such evidence as is mentioned in [F36the relevant subsection] came to its knowledge, shall be conclusive evidence of that date.
[F37(4)In the application of this section to Scotland—
(a)in subsection (1), omit the words “by the FCA”,
(b)omit subsections (1A), (1B) and (1C), and
(c)references to the FCA are to be read as references to the Lord Advocate.]
(5)In the application of this section to Scotland, [F38section 136(1) of the Criminal Procedure (Scotland) Act 1995] shall apply for the purposes of this section as it applies for the purposes of that section.
Textual Amendments
F29Words in s. 107(1) inserted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(2)(a) (with Sch. 12)
F30Words in s. 107(1) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(2)(b) (with Sch. 12)
F31Words in s. 107(1) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(2)(c) (with Sch. 12)
F32 S. 107(1A)-(1C) inserted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(3) (with Sch. 12)
F33Words in s. 107(2) inserted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(4) (with Sch. 12)
F34Words in s. 107(3) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(5)(a) (with Sch. 12)
F35Words in s. 107(3) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(5)(b) (with Sch. 12)
F36Words in s. 107(3) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(5)(c) (with Sch. 12)
F37S. 107(4) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 45(6) (with Sch. 12)
F38Words in s. 107(5) substituted (1.4.1996) by 1995 c. 40 ss. 5, 7(2), Sch. 4 para. 84
(1)Where an offence under this Act committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of any member of the committee of management, director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity, he, as well as the body corporate, shall be guilty of that offence and liable to be proceeded against and punished accordingly.
(2)Where the affairs of a body corporate are managed by the members, subsection (1) above shall apply in relation to the acts and defaults of a member in connection with his functions of management as if he were a director of the body corporate.
(3)Where a partnership is guilty of an offence under this Act, every partner, other than a partner who is proved to have been ignorant of or to have attempted to prevent the commission of the offence, shall also be guilty of that offence and be liable to be proceeded against and punished accordingly.
(4)Where an unincorporated association (other than a partnership) is guilty of an offence under this Act—
(a)every officer of the association who is bound to fulfil any duty of which the breach is the offence; or
(b)if there is no such officer, every member of the governing body other than a member who is proved to have been ignorant of or to have attempted to prevent the commission of the offence,
shall also be guilty of the offence and be liable to be proceeded against and punished accordingly.
In any proceedings for an offence under this Act, it shall be a defence for a person charged to prove that he took all reasonable precautions and exercised all due diligence to avoid the commission of such an offence by himself or any person under his control.
(1)In Northern Ireland, a friendly society or an officer of a friendly society may be prosecuted for a summary offence under this Act before a magistrates' court acting for the county court division in which the registered office of the society is situated.
(2)Subsection (1) is without prejudice to the provisions of the Magistrates' Courts (Northern Ireland) Order 1981 as to the jurisdiction of a magistrates' court.]
Textual Amendments
F39S. 110 substituted (1.4.2005) by Courts Act 2003 (c. 39), s. 110(1), Sch. 8 para. 357; S.I. 2005/910, art. 3(y)
F40[(1)Any document bearing the seal or stamp of the [F41FCA] shall be received in evidence without further proof.
(1A)Any document purporting to have been signed by a person authorised to do so on behalf of the [F42FCA or the PRA], and every document purporting to be signed by any inspector or public valuer under this Act, shall, in the absence of any evidence to the contrary, be received in evidence without proof of the signature.
(1B)In subsections (1) and (1A), “document" means any document issued, received or created by the [F42FCA or the PRA] (or, as the case may be, by any inspector or public valuer under this Act) for the purposes of or in connection with this Act.]
(2)Any printed document purporting to be a copy of the rules or memorandum of an incorporated friendly society or the rules of a registered friendly society or a registered branch and certified by the secretary or other officer of the society or branch to be a true copy of its rules or memorandum as registered, shall be received in evidence and shall, in the absence of any evidence to the contrary, be deemed to be a true copy of its rules or memorandum.
Textual Amendments
F40S. 111(1)-(1B) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) for s. 111(1) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 110 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F41Word in s. 111(1) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 46(2) (with Sch. 12)
F42Words in s. 111(1A)(1B) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 46(3) (with Sch. 12)
(1)Subject to any other provision of this Act or regulations under it, any record to be kept by a friendly society may be kept in any manner.
(2)Where any such record is not kept by making entries in a bound book, but by some other means, adequate precautions shall be taken for guarding against falsification and facilitating its discovery.
(3)The power in subsection (1) above includes power to keep the record by recording matters otherwise than in legible form so long as the recording is capable of being reproduced in a legible form; and any duty imposed by or under this Act to allow inspection of, or to furnish a copy of, the record or any part of it is to be treated as a duty to allow inspection of, or to furnish, a reproduction of the recording or of the relevant part of it in a legible form.
(4)The [F43Treasury may by regulations], make such provision in addition to subsection (3) above as [F44they consider] appropriate in connection with such records as are kept otherwise than in legible form; and the regulations may make modifications of this Act so far as it relates to the records of friendly societies.
(5)If default is made in complying with this section the society shall be guilty of an offence and liable on summary conviction—
(a)to a fine not exceeding level 4 on the standard scale; and
(b)in the case of a continuing offence, to an additional fine not exceeding one-tenth of that level for every day during which the offence continues.
Textual Amendments
F43Words in s. 112(4) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3, Pt. 1 para. 111(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F44Words in s. 112(4) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 111(b) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
Modifications etc. (not altering text)
C1S. 112(4): functions of Friendly Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2001/2617, arts. 2(b), 4(1), Sch. 1 Pt. II (with art. 5); S.I. 2001/3538, art. 2(1)
(1)This section has effect in relation to any notice, directions or other document required or authorised by or under any provision of this Act or by the rules of a friendly society to be served on any person other than the [F45FCA or the PRA] but subject, in the case of notices or other documents to be given or sent to members of a friendly society, to any provision of its rules.
(2)Any such document may be served on the person in question—
(a)by delivering it to him;
(b)by leaving it at his proper address; F46...
(c)by sending it by post to him at that address [F47; or
(d)by sending it by electronic means to an electronic address notified by the person for the purpose.]
(3)Any such document may—
(a)in the case of a friendly society, be served on the secretary of the society;
(b)in the case of a body corporate (other than an incorporated friendly society), be served on the secretary or clerk of that body;
(c)in the case of a partnership, be served on any partner;
(d)in the case of an unincorporated association, other than a partnership or a registered friendly society or registered branch, be served on any member of its governing body.
(4)For the purposes of this section and section 7 of the M1Interpretation Act 1978 (service of documents) in its application to this section, the proper address of any person is—
(a)in the case of a friendly society or its secretary, the address of its registered office;
(b)in the case of a member of an incorporated friendly society, his registered address;
(c)in the case of a member of the committee of management or the chief executive of a friendly society, his officially notified address;
(d)in the case of a body corporate (other than an incorporated friendly society), its secretary or clerk, the address of its registered or principal office in the United Kingdom;
(e)in the case of an unincorporated association (other than a partnership, registered friendly society or registered branch) or a member of its governing body, its principal office in the United Kingdom;
and, in any other case, his last-known address (whether of his residence or of a place where he carries on business or is employed).
Textual Amendments
F45Words in s. 113(1) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 47 (with Sch. 12)
F46Word in s. 113(2) omitted (12.4.2011) by virtue of The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 8(a)
F47S. 113(2)(d) and word inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 8(b)
Marginal Citations
(1)[F49Each of the FCA and the PRA may], by directions under this section, make provision with respect to the form of, and the particulars to be included in [F50, and the authentication of,] any document to be sent to it under this Act or the 1974 Act.
[F51(1A)The PRA and the FCA must each consult the other before issuing a direction under this section if the document in question is required to be sent to both of them.]
(2)The directions have effect subject to any other provision of or made under this Act.
[F52(3)As regards the authentication of a document sent to [F53it] electronically, [F54each of the FCA and the PRA] may—
(a)require the document to be authenticated by a particular person or a person of a particular description;
(b)specify the means of authentication;
(c)require the document to contain or be accompanied by the name or registered number of the society to which it relates (or both).
(4)As regards the procedure to be followed in sending a document electronically, [F55each of the FCA and the PRA] may specify requirements as to the hardware and software to be used, and technical specifications (for example, matters relating to protocol, security, anti-virus protection or encryption).
(5)Directions made by [F56the FCA or the PRA] under this section must not require documents to be sent electronically.
(6)In this section, a document is sent electronically if is it sent by electronic means or in electronic form.]]
Textual Amendments
F48S. 114 substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3, Pt. 1 para. 113 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1); s. 114(2)(3) expressed to be repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1); s. 114 substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 204(1)
F49Words in s. 114(1) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 48(2) (with Sch. 12)
F50Words in s. 114(1) inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 6(1)
F51S. 114(1A) inserted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 48(3) (with Sch. 12)
F52S. 114(3)-(6) inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 6(2)
F53Word in s. 114(3) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 48(4)(a) (with Sch. 12)
F54Words in s. 114(3) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 48(4)(b) (with Sch. 12)
F55Words in s. 114(4) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 48(5) (with Sch. 12)
F56Words in s. 114(5) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 48(6) (with Sch. 12)
(1)Subject to any exceptions or conditions prescribed by regulations of the Secretary of State, the Secretary of State shall at the request of any person claiming benefit from an incorporated friendly society provide the society for the purposes of the claim with a copy or abstract of any medical certificate relating to that person and supplied by him to the Secretary of State for the purposes of the enactments relating to social security.
(2)Where the Secretary of State furnishes an incorporated friendly society, in connection with a claim for benefit from the society with information relating to a claim or award under those enactments, the expenses incurred in connection with his doing so by the Secretary of State or any other government department shall be treated as expenses in carrying those enactments into effect.
[F57(3)In this section, references to the Secretary of State shall be construed as including references to the Department of Health and Social Services for Northern Ireland.]
Textual Amendments
F57S. 115(3) inserted (1.4.1995) by S.I. 1995/710, reg. 6
In this Act—
[F58“ballot” means—
a postal ballot (within the meaning of paragraph 8 of Schedule 12),
an electronic ballot (within the meaning of paragraph 8A of that Schedule), or
a combined ballot (within the meaning of paragraph 8B of that Schedule);]
“friendly society” means an incorporated friendly society or a registered friendly society;
“incorporated friendly society” means a society incorporated under this Act;
“registered branch” means a branch of a registered friendly society which is separately registered within the meaning of the 1974 Act;
“registered friendly society” means a society registered within the meaning of the 1974 Act by virtue of section 7(1)(a) of that Act or any enactment which it replaced.
Textual Amendments
F58Words in s. 116 inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 18
Commencement Information
I1Ss. 116-119 wholly in force at 8.6.1992 see s. 126(2) and S.I. 1992/1325, art. 2(c).
(1)For the purposes of this Act—
“annual contribution income” means, in relation to a friendly society’s long term business, the income of the society in a financial year without any deduction for reinsurance cessions;
[F59“commitment" means, in relation to a friendly society to which section 37(2) applies, a commitment represented by insurance business of any class of Head A of Schedule 2 to this Act;]
“insurance business” means long term business and general business but [F60, except for the purposes of sections 87 and 88 above,] does not include the operations of a society whose benefits vary according to the resources available and which require each of its members to contribute on a flat-rate basis;
[F61“direct insurance business" means insurance business other than reinsurance business and “direct insurance" shall be construed accordingly;]
“long term business” means insurance business of any of the classes specified in head A of Schedule 2 to this Act; and
“general business” means insurance business of any of the classes specified in head B of that Schedule.
(2)For the purposes of any provision of Parts IV, V, VI and VIII of this Act, unless the context otherwise requires—
(a)references to insurance business include references to reinsurance business; and
(b)reinsurance business consisting of the effecting and carrying out of a contract of reinsurance of risks of any class shall be taken to constitute the carrying on of insurance business of that class;
and “reinsurance business” means the effecting and carrying out of contracts of reinsurance.
(3)For the purposes of this Act the effecting and carrying out of a contract whose principal object is within one class of insurance business, but which contains related and subsidiary provisions within another class or classes, shall be taken to constitute the carrying on of insurance business of the first-mentioned class, and no other, if subsection (4) or (5) below applies to the contract.
(4)This subsection applies to a contract whose principal object is within any class of long term business, but which contains subsidiary provisions within general business class 1 or 2, if the society concerned is authorised under section 32 above to carry on long term business class I.
(5)This subsection applies to a contract whose principal object is within one of the classes of general business but which contains subsidiary provisions within another of those classes.
[F62(6)In relation to a contract of insurance entered into by a person on any date with a friendly society to which section 37(3) above applies the effecting of which constitutes general business, or a contract of insurance entered into by a person on any date with a friendly society to which section 37(2) above applies the effecting of which constitutes long term business, references in this Act to the [F63member or EEA State] where the risk or commitment is situated shall be construed as follows—
(a)where that person is an individual, as references to the [F63member or EEA State] where he has his habitual place of residence on that date; and
(b)in any other case, as references to the [F63member or EEA State] where the establishment of that person to which the contract relates is situated on that date.
(7)In relation to any other contract of insurance with a friendly society, references in this Act to the member State where the risk is situated shall be construed as references to the member State where the person who has entered into the contract has his habitual place of residence.]
F64(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F65(9)In this Act “establishment", in relation to a friendly society to which section 37(2) or (3) above applies, means the registered office or an overseas branch of the society.
Any permanent presence of such a society in an EEA State other than the United Kingdom shall be regarded for those purposes as a single overseas branch, whether that presence consists of a single office which, or two or more offices each of which–
(a)is managed by the society’s own staff;
(b)is an agency of the society; or
(c)is managed by a person who is independent but has permanent authority to act for the society in the same way as an agency.]
Textual Amendments
F59Definition in s. 117(1) inserted (1.1.1994) by S.I. 1993/2519, reg. 7(1)
F60Words in definition in s. 117(1) inserted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 114 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F61Definition in s. 117(1) added (1.9.1994) by S.I. 1994/1984, reg. 29(1)
F62S. 117(6)(7) substituted for s. 117(6) (1.1.1994) by S.I. 1993/2519, reg. 7(2)
F63Words in s. 117(6) substituted (1.9.1994) by S.I. 1994/1984, reg. 29(2)
F64S. 117(8) repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 205(1)
F65S. 117(9) inserted (1.9.1994) by S.I. 1994/1984, reg. 29(3)
Commencement Information
I2Ss. 116-119 wholly in force at 8.6.1992 see s. 126(2) and S.I. 1992/1325, art. 2(c).
(1)Subject to subsection (2) below, in this Act “financial year” means the period of 12 months ending with 31st December.
(2)The initial financial year of a friendly society shall be such period as expires with the end of the calendar year in which it is registered under the 1974 Act or incorporated under this Act and the final financial year of the society shall be such shorter period than 12 months as expires with the date as at which the society makes up its final accounts.
Commencement Information
I3Ss. 116-119 wholly in force at 8.6.1992 see s. 126(2) and S.I. 1992/1325, art. 2(c).
(1)In this Act, unless the context otherwise requires—
“the 1974 Act” means the M2Friendly Societies Act 1974;
“actuary” means an actuary possessing [F66such qualifications, if any, as may be specified in rules made by the Authority under section 340 of the Financial Services and Markets Act 2000 (and subsections (3) to (6) of that section apply in relation to an actuary appointed by virtue of any provision of this Act as they apply in relation to an actuary appointed in compliance with such rules)];
“annuities on human life” does not include superannuation allowances and annuities payable out of any fund applicable solely to the relief and maintenance of persons engaged or who have been engaged in any particular profession, trade or employment, or of the dependants of such persons;
F67...
“appointed actuary” means the actuary appointed [F68in accordance with rules made under section 340 of the Financial Services and Markets Act 2000];
“the appropriate actuary” means—
[F71“the appropriate authority” means—
in relation to a society which is a PRA-authorised person, the PRA; and
in relation to a society which is not a PRA-authorised person, the FCA;]
F72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“committee of management” means the committee of management or other directing body of a society or branch;
[F73“the life assurance consolidation Directive” means Directive 2002/83/EC of the European Parliament and of the Council of 5th November 2002 concerning life assurance;]
“contract of insurance” includes any contract the effecting of which constitutes the carrying on of insurance business by virtue of section 117 above;
[F74“controller” has the meaning given by section 55A above;]
“the court” except in relation to the winding-up of an incorporated friendly society, means—
in the case of a body whose registered office is situated in England and Wales or in Northern Ireland, the county court for the district in which the office is situated;
in the case of a body whose registered office is situated in Scotland, the sheriff in whose jurisdiction the office is situated;
and, in relation to the winding-up of an incorporated friendly society, means the court which has jurisdiction under the applicable winding-up legislation to wind-up the society;
F72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F76“EEA State” has the meaning given by Schedule 1 to the Interpretation Act 1978 (c. 30);]
[F77“EFTA State” means an EEA State which is not a member State;]
[F78“electronic address” means any number or address used for the purposes of sending or receiving documents or information by electronic means;]
[F71“the FCA” means the Financial Conduct Authority;]
“financial year” is to be construed in accordance with section 118;
“the first general insurance Directive” means Council Directive 73/239/EEC of 24th July 1973 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance;
F79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F80“the general insurance Directives” means the first general insurance Directive, the second general insurance Directive and the third general insurance Directive as amended, and such other Directives as make provision with respect to the business of direct insurance other than life assurance;]
“group business” is to be construed in accordance with section 11 above;
“jointly controlled body” is to be construed in accordance with section 13 above;
F79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F81“manager”, in relation to a friendly society to which section 37(2) or (3) above applies, means any person (other than an employee of a society) appointed by the society to manage any part of its insurance business, or any employee of the society (other than a chief executive) who, under the immediate authority of a member of the committee of management or chief executive of the society–
exercises managerial functions, or is responsible for maintaining accounts or other records of the society; and
is not a person whose functions relate exclusively to business conducted from a place of business which is not in a member State;]
“memorandum” has the meaning given by paragraph 4(3) of Schedule 3 to this Act;
“modifications”, in relation to enactments, includes additions, omissions and amendments [F82and cognate expressions are to be construed accordingly];
“non-insurance business” means business falling within head C of Schedule 2 to this Act;
“notice” means written notice and “notice to” a person means notice given to that person, and “notify” shall be construed accordingly;
F72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“officer” means—
in relation to a registered friendly society or a registered branch—
a trustee;
the treasurer, secretary and chief executive (however described);
a member of the committee of management; and
a person appointed by the society or branch to sue or be sued on its behalf; or
in relation to an incorporated friendly society, a member of the committee of management, the chief executive (however described) and the secretary;
[F71“the PRA” means the Prudential Regulation Authority;]
[F71“PRA-authorised person” has the meaning in section 2B of the Financial Services and Markets Act 2000;]
“the public file”, in relation to a friendly society, means the file relating to the society which the [F83FCA] is required to maintain under section 104 above;
“registered address”, in relation to a member of an incorporated friendly society, has the meaning given by paragraph 14(6) of Schedule 3 to this Act;
“the second general insurance Directive” means Council Directive 88/357/EEC of 22nd June 1988 on the coordination of laws, regulations and administrative provisions relating to direct insurance other than life assurance and laying down provisions to facilitate the effective exercise of freedom to provide services and amending Directive 73/239/EEC;
F79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“special resolution” has the meaning given by paragraph 7 of Schedule 12 to this Act;
“subscription” includes any premium or other sum (however described) payable, in respect of the provision of benefits, by (or on behalf of) a member of a friendly society under the rules of the society;
“subsidiary” is to be construed in accordance with section 13 above; and
[F84“supervisory authority”, in relation to an EEA State other than the United Kingdom, means the authority responsible in that State for supervising [F85persons whose business consists of effecting or carrying out contracts of insurance];]
[F84“the third general insurance Directive” means Council Directive 92/49/EEC of 18th June 1992 F86 on the coordination of laws, regulations and administrative provisions relating to direct insurance other than life assurance and amending Directives 73/239/EECF87 and 88/357/EEC F88;]
F79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F89. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F90(1AA)Any reference in this Act to the seal of the [F91FCA] is a reference to the seal provided for in regulations made under section 109(1)(b) of the Friendly Societies Act 1974 (and not to the [F92FCA’s] common seal).]
[F93(1A)References in this Act to the first or third general insurance DirectiveF94... are references to that Directive as amended by the [F95European Parliament and Council Directive of 29th June 1995 amending Directives 77/780/EEC and 89/646/EEC in the field of credit institutions, [F96Directives [F9773/239/EEC] and 92/49/EEC in the field of non-life insurance], Directive 93/22/EEC in the field of investment firms and Directive 85/611/EEC in the field of undertakings for collective investment in transferable securities (UCITS) with a view to reinforcing prudential supervision (No. 95/26/EC)] [F98and as amended by the reinsurance Directive].]
F99(1B). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F100(1C)In the definition of “supervisory authority” in subsection (1), the reference to contracts of insurance and to effecting or carrying out such contracts must be read with—
(a)section 22 of the Financial Services and Markets Act 2000;
(b)any relevant order under that section; and
(c)Schedule 2 to that Act.]
[F101(1D)References in this Act to the life assurance consolidation Directive are references to that Directive as amended by the reinsurance Directive.]
(2)References in this Act to the “ECU” are to the unit of account of that name defined in Council Regulation (EEC) No.3180/78 as amended; and the exchange rates as between the ECU and pounds sterling to be applied for each year beginning on 31st December shall be the rates applicable on the last day of the preceding October for which exchange rates for the currencies of all the member States were published in the Official Journal of the Communities.
[F102(3)In this section, “the reinsurance Directive” means Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance and amending Council Directives 73/239/EEC, 92/49/EEC as well as Directives 98/78/EC and 2002/83/EC.]
Textual Amendments
F66Words in the definition of “actuary” in s. 119(1) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 115(a)(i) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F67Words in s. 119(1) omitted (1.4.2013) by virtue of The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 49(2)(a) (with Sch. 12)
F68Words in the definition of “appointed actuary” in s. 119(1) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 115(a)(iii) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F69S. 119(1): Words in para. (a) of the definition of “appropriate actuary” substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 115(a)(iv)(A) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F70S. 119(1): Words in para. (b) of the definition of “appropriate actuary” substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 115(a)(iv)(B) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F71Words in s. 119(1) inserted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 49(2)(c) (with Sch. 12)
F72Definitions of “the central office”, “the Chief Registrar”, “collecting society”, “the Commission”, “the criteria of prudent management” and “notifiable voting rights” in s. 119(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F73Words in s. 119(1) inserted (11.1.2005) by The Life Assurance Consolidation Directive (Consequential Amendments) Regulations 2004 (S.I. 2004/3379), regs. 1, 3(3)(a)
F74S. 119(1): definition inserted (1.9.1994) by S.I. 1994/1984 reg. 30(a)
F75Words in s. 119(1) omitted (29.6.2008) by virtue of The Friendly Societies Act 1992 (Accounts, Audit and EEA State Amendments) Order 2008 (S.I. 2008/1140), arts. 1(2), 10(a)
F76Words in s. 119(1) substituted (29.6.2008) by The Friendly Societies Act 1992 (Accounts, Audit and EEA State Amendments) Order 2008 (S.I. 2008/1140), arts. 1(2), 10(b)
F77S. 119(1): definition inserted (1.9.1994) by S.I. 1994/1984, reg. 30(b)
F78Words in s. 119(1) inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 4(1)
F79Words in s. 119(1) omitted (11.1.2005) by virtue of The Life Assurance Consolidation Directive (Consequential Amendments) Regulations 2004 (S.I. 2004/3379), regs. 1, 3(3)(b)
F80S. 119(1): definition substituted (1.9.1994) by S.I. 1994/1984 reg. 30(c)
F81S. 119(1): definitions of “the life Directives” and “manager” substituted for definition of “the life Directives” (1.9.1994) by S.I. 1994/1984, reg. 30(d)
F82Words in s. 119 inserted (with effect in accordance with art. 1(2) of the amending S.I.) by The Friendly Societies Act 1992 (International Accounting Standards and Other Accounting Amendments) Order 2005 (S.I. 2005/2211), art. 1(2), Sch. para. 4
F83Word in s. 119(1) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 49(2)(b) (with Sch. 12)
F84Words in s. 119(1) inserted (1.9.1994) by S.I. 1994/1984, reg. 30(f)
F85Words in the definition of “supervisory authority” in s. 119(1) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 205(3)
F86O.J. L228, 11.8.92, page 1.
F87O.J. L228, 16.8.73, page 3.
F88O.J. L172, 4.7.88, page 1.
F89Words in s. 119(1) omitted (17.8.2001 for specified purposes and 1.12.2001 for all other purposes) by virtue of The Financial Services and Markets Act 2000 (Mutual Societies) Order 2001 (S.I. 2001/2617), arts. 2, Sch. 3 para. 115(a)(vii), Sch. 4 (with art. 13(3), Sch. 5)
F90S. 119(1AA) inserted (17.8.2001 for specified purposes and otherwise 1.12.2001) by The Financial Services and Markets Act 2000 (Mutual Societies) Order 2001 (S.I. 2001/2617), arts. 2, 8(1), 13(1), Sch. 3 para. 115(b) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F91Word in s. 119(1AA) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 49(3)(a) (with Sch. 12)
F92Word in s. 119(1AA) substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 49(3)(b) (with Sch. 12)
F93S. 119(1A) inserted (18.7.1996) by S.I. 1996/1669, reg. 23, Sch. 5 para. 6
F94Words in s. 119(1A) omitted (11.1.2005) by virtue of The Life Assurance Consolidation Directive (Consequential Amendments) Regulations 2004 (S.I. 2004/3379), regs. 1, 3(4)(a)
F95Words in s. 119(1A) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 205(4)
F96Words in s. 119(1A) substituted (11.1.2005) by The Life Assurance Consolidation Directive (Consequential Amendments) Regulations 2004 (S.I. 2004/3379), regs. 1, 3(4)(b)
F97Word in s. 119(1A) substituted (10.12.2007) by The Reinsurance Directive Regulations 2007 (S.I. 2007/3253), reg. 1(1), Sch. 3 para. 1(a)(i)
F98Words in s. 119(1A) inserted (10.12.2007) by The Reinsurance Directive Regulations 2007 (S.I. 2007/3253), reg. 1(1), Sch. 3 para. 1(a)(ii)
F99S. 119(1B) repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 205(5)
F100S. 119(1C) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 205(6)
F101S. 119(1D) added (10.12.2007) by The Reinsurance Directive Regulations 2007 (S.I. 2007/3253), reg. 1(1), Sch. 3 para. 1(b)
F102S. 119(3) inserted (10.12.2007) by The Reinsurance Directive Regulations 2007 (S.I. 2007/3253), reg. 1(1), Sch. 3 para. 1(c)
Commencement Information
I4Ss. 116-119 wholly in force at 8.6.1992 see s. 126(2) and S.I. 1992/1325, art. 2(c).
Marginal Citations
(1)In this Act “associate", in relation to any person entitled to exercise or control the exercise of voting power in relation to a friendly society to which section 37(2) or (3) above applies, means–
(a)the wife or husband [F104or civil partner] or minor son or daughter of that person;
(b)any company of which that person is a director;
(c)any person who is an employee or partner of that person;
(d)if that person is a company–
(i)any director of that company;
(ii)any subsidiary undertaking of that company;
(iii)any director or employee of any such subsidiary under– taking; and
(e)if that person has made an agreement or arrangement with any other person under which they undertake to act together in exercising their voting power in relation to the society, that other person.
(2)In this section–
“minor", in relation to Scotland, means not having attained the age of sixteen;
“son" includes stepson and “daughter" includes stepdaughter;
“subsidiary undertaking" has the same meaning as in the Insurance Companies Act 1982 M3.]
Textual Amendments
F103S. 119(A) inserted (1.9.1994) by S.I. 1994/1984 reg. 31
F104Words in s. 119A(1)(a) inserted (5.12.2005) by Civil Partnership Act 2004 (c. 33), s. 263(10)(b), Sch. 27 para. 142; S.I. 2005/3175, art. 2(2)
Marginal Citations
(1)The following provisions apply for the purposes of this Act.
(2)A document or information is sent in electronic form if it is sent—
(a)by electronic means (for example, by email or fax), or
(b)by any other means while in electronic form (for example, sending a disk in the post).
References to “electronic copy” have a corresponding meaning.
(3)A document or information is sent by electronic means if it is—
(a)sent initially and received at its destination by means of electronic equipment for the processing (which expression includes digital compression) or storage of data, and
(b)entirely transmitted, conveyed and received by wire, by radio, by optical means or by other electromagnetic means.
References to “electronic means” have a corresponding meaning.
(4)A document or information sent in electronic form must be sent in a form, and by a means, that the sender reasonably considers will enable the recipient—
(a)to read it, and
(b)to retain a copy of it.
(5)For the purposes of this section, a document or information can be read only if—
(a)it can be read with the naked eye, or
(b)to the extent that it consists of images (for example photographs, pictures, maps, plans or drawings), it can be seen with the naked eye.
(6)The provisions of this section apply whether the provision of this Act in question uses the word “send” or uses other words (such as “furnish”, “circulate”, “provide”, “produce”, “supply”, “give” or “deliver”) to refer to the sending of a document or information.
Textual Amendments
F105Ss. 119AA, 119AB inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 4(2)
(1)For the purposes of this Act, a person (A), other than the [F106FCA and the PRA], makes a document or information available on a website to another person (B) if each of the following conditions is satisfied.
(2)The first condition is that B—
(a)has agreed (generally or specifically) that A may make the document or information available to B in that manner, and
(b)has not revoked that agreement.
(3)The second condition is that A has notified B of—
(a)the presence of the document or information on the website,
(b)the address of the website,
(c)the place on the website where the document or information may be accessed, and
(d)how to access the document or information.
(4)The third condition is that the document or information is present on the website for the whole of the period—
(a)beginning when A sends B the notification referred to in subsection (3) or, if later, when the document or information first appears on the website, and
(b)ending with the end date specified for the purposes of this paragraph in the provision of, or made under, this Act that requires or permits A to send the document to B.
(5)If the document or information is absent from the website for part of the period referred to in subsection (4), the absence is to be disregarded if it is wholly attributable to circumstances that it would not be reasonable to have expected A to prevent or avoid.
(6)A is not to be regarded as making a document available on a website for the purposes of this section if the website is the [F107the FCA’s or the PRA’s] website (an electronic copy of the document having been placed there in reliance on section 104(1A)(b)).]
Textual Amendments
F105Ss. 119AA, 119AB inserted (12.4.2011) by The Mutual Societies (Electronic Communications) Order 2011 (S.I. 2011/593), arts. 1(1), 4(2)
F106Words in s. 119AB substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 50(a) (with Sch. 12)
F107Words in s. 119AB substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 9 para. 50(b) (with Sch. 12)
Textual Amendments
F108S. 119B repealed (1.12.2001) by S.I. 2001/2617, arts. 2, 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
(1)The enactments specified in Schedule 21 to this Act shall have effect with the amendments made by that Schedule.
(2)The enactments specified in Schedule 22 to this Act are repealed to the extent specified in the third column of that Schedule.
Commencement Information
I5S. 120 partly in force; s. 120 not in force at Royal Assent see s. 126(2); s. 120(1) partly in force at 1.1.1993 by S.I. 1992/3117, art. 2(ii); s. 120(2) in force to the extent specified at 13.1.1993 by S.I. 1993/16, art. 2, Sch. 2; s. 120 in force to the extent specified at 1.2.1993 by S.I. 1993/16, art. 2, Sch. 3; s. 120(2) in force to the extent specified at 5.2.1993 by S.I. 1993/197, art. 2; s. 120(2) in force to the extent specified at 13.9.1993 by S.I. 1993/2213, art. 2(1), Sch. 3; s. 120(2) in force to the extent specified at 1.1.1994 by S.I. 1993/2213, art. 2(1), Schs. 5, 6; s. 120 in force to the extent specified at 1.1.1994 by S.I. 1993/3226, art. 2(1), Sch. 2; S. 120(2) in force to the extent specified at 1.11.1994 by S.I. 1994/2543, art. 2(3)(a)
(1)Any power of the Treasury F109. . . to make regulations or an order under this Act is exercisable by statutory instrument.
(2)Any statutory instrument containing such regulations or such an order, other than an order under [F110section 5] above or section 126 below, shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(3)Any power conferred by this Act to make such regulations or such an order includes power—
(a)to make different provision for different cases; and
(b)to make transitional, consequential or supplementary provision.
Textual Amendments
F109Words in s. 121(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F110Words in s. 121(2) substituted (29.6.2008) by The Friendly Societies Act 1992 (Accounts, Audit and EEA State Amendments) Order 2008 (S.I. 2008/1140), arts. 1(2), 8
Commencement Information
I6S. 121 wholly in force at 8.6.1992 see s. 126(2) and S.I. 1992/1325, art. 2(d).
Textual Amendments
F111S. 122 repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
(1)The Treasury may by regulations make such transitional and consequential provisions and such savings as they consider necessary or expedient in preparation for, in connection with, or in consequence of—
(a)the coming into force of any provision of this Act; or
(b)the operation of any enactment repealed or amended by a provision of this Act during any period when the repeal or amendment is not wholly in force.
(2)Regulations under this section may make modifications of any enactment contained in this or in any other Act.
Commencement Information
I7S. 123 wholly in force at 8.6.1992 see s. 126(2) and S.I. 1992/1325, art. 2(f).
(1)This Act extends to Northern Ireland.
F112(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
(1)Her Majesty may by Order in Council direct that any of the provisions of this Act or any instrument made under it shall extend, with such modifications (if any) as may be specified in the Order, to—
(a)any of the Channel Islands; or
(b)the Isle of Man.
(2)An Order in Council under this section may make such transitional, incidental or supplementary provision as appears to Her Majesty to be necessary or expedient.
(1)This Act may be cited as the Friendly Societies Act 1992.
(2)This Act shall come into force on such day as the Treasury may by order appoint and different days may be appointed for different provisions or different purposes.
(3)An order under subsection (2) above may contain such transitional provisions and savings (whether or not involving the modification of any statutory provision) as appear to the Treasury necessary or expedient in connection with the provisions brought into force.
Subordinate Legislation Made
P1S. 126(2) power partly exercised (3.6.1992): 8.6.1992 appointed for specified provisions by S.I. 1992/1325, art. 2
s. 126(2) power partly exercised (9.12.1992): 1.1.1993 appointed for specified provisions by S.I. 1992/3117, art. 2
S. 126(2) power partly exercised (4.1.1993): 13.2.1993 and 1.2.1993 appointed for specified provisions by S.I. 1993/16
S. 126(2) power partly exercised (3.2.1993): 5.2.1993 appointed for specified provisions by S.I. 1993/197
S. 126(2) power partly exercised (22.4.1993): 28.4.1993 appointed for specified provisions by S.I. 1993/1186
S. 126(2) power partly exercised (8.9.1993): 13.9.1993, 1.1.1994 and 1.7.1994 appointed for specified provisions by S.I. 1993/2213
S. 126(2) power partly exercised (22.12.1993): 1.1.1994 and 1.1.1995 appointed for specified provisions by S.I. 1993/3226
Commencement Information
I8S. 126 wholly in force at 8.6.1992 see s. 126(2) and S.I. 1992/1325, art. 2.