The Friendly Societies (Amendment) Regulations 1993

Regulations 8 and 9: supplementary provisions

10.—(1) Where a statement or underwriting account is prepared by a friendly society under regulation 8(2) or 9(2) or (4) above, the society shall—

(a) cause the statement or account to be printed; and

(b) deposit three copies of the statement or account with the Commission within nine months after the end of the financial year to which it relates;

but the Commission may extend that period of nine months by such period (not exceeding three months) as it thinks fit.

(2) One of the copies of any statement or account deposited under paragraph (1) above shall be signed by the chief executive or secretary of the society.

(3) The Commission shall—

(a) consider any statement or account deposited under paragraph (1) above, and

(b) if the statement or account appears to it to be inaccurate or incomplete in any respect, communicate with the society with a view to the correction of any inaccuracies and the supply of any deficiencies.