Part XXI Mutual Societies

Friendly societies

I1334 The Friendly Societies Commission.

1

The Treasury may by order provide—

a

for any functions of the Friendly Societies Commission to be transferred to the Authority;

b

for any functions of the Friendly Societies Commission which have not been, or are not being, transferred to the Authority to be transferred to the Treasury.

2

If the Treasury consider it appropriate to do so, they may by order provide for the Friendly Societies Commission to cease to exist on a day specified in or determined in accordance with the order.

3

The enactments relating to friendly societies which are mentioned in Part I of Schedule 18 are amended as set out in that Part.

4

Part II of Schedule 18—

a

removes certain restrictions on the ability of incorporated friendly societies to form subsidiaries and control corporate bodies; and

b

makes connected amendments.