SCHEDULES

SCHEDULE 13Authorisation: Supplementary Provisions

Part IApplications for Authorisation

Terms of authorisation: supplementary

5(1)On granting authorisation to a friendly society the Commission shall send a copy of the terms of the authorisation—

(a)to the secretary of the society; and

(b)to the central office;

and the central office shall keep a copy of those terms in the public file of the society.

(2)Where the terms of a society’s authorisation are superseded by the grant of authorisation—

(a)on an application to which section 35 above applies, or

(b)on an application required by a direction under section 39 above,

the central office shall, on placing the copy of the terms of the authorisation on the public file of the society under sub-paragraph (1) above, indicate on the copy of the previous terms kept on that file that they have been superseded.