SCHEDULES

SCHEDULE 18U.K. Mutuals

Part IIU.K. Friendly Societies: Subsidiaries and Controlled Bodies

Joint control by societiesU.K.

12U.K.In section 13(9), after paragraph (c) insert—

(cc)an incorporated friendly society also has joint control of a body corporate if—

(i)a subsidiary of the society has joint control of the body corporate in a way mentioned in paragraph (c)(i), (ii) or (iii);

(ii)a body corporate of which the society has joint control has joint control of the body corporate in such a way; or

(iii)the body corporate is controlled in a way mentioned in paragraph (a)(i), (ii) or (iii) by a body corporate of which the society has joint control;.