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48. In section 111(1)—
(a)in subsection (1)—
(i)after the definition of “annual return”, there is inserted—
““the Authority” means the Financial Services Authority;”,
(ii)the definitions of “the central registration area”, “collecting society” and “Commission” are omitted,
(iii)in the definition of “Gazette” in paragraph (a) for the words “the central registration area” there is substituted “England and Wales, the Channel Islands or the Isle of Man”, and
(iv)in the definition of “Treasury regulations” the words “and approved” are omitted, and
(b)for subsection (3) there is substituted—
“(3) Any reference in this Act to the seal of the Authority is a reference to the seal provided for in regulations made under section 109(1)(b) (and not to the Authority’s common seal).”.
Relevant amendments to section 111 are made by the Friendly Societies Act 1992, Schedule 16 paragraph 48.
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