SCHEDULESF1

SCHEDULE 18 Mutuals

Part II Friendly Societies: Subsidiaries and Controlled Bodies

Bodies controlled by societies

11

In section 13(9) (defined terms), after paragraph (a) insert—

aa

an incorporated friendly society also has control of a body corporate if the body corporate is itself a body controlled in one of the ways mentioned in paragraph (a)(i), (ii) or (iii) by a body corporate of which the society has control;