Financial Services and Markets Bill - continued        House of Lords

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The Friendly Societies Act 1974 (c.46)
     1. Omit sections 4 (provision for separate registration areas) and 10 (societies registered in one registration area carrying on business in another).
     2. In section 7 (societies which may be registered), in subsection (2)(b), for "in the central registration area or in Scotland" substitute "in the United Kingdom, the Channel Islands or the Isle of Man".
     3. In section 11 (additional registration requirements for societies with branches), omit "and where any such society has branches in more than one registration area, section 10 above shall apply to that society".
     4. In section 99(4) (punishment of fraud etc and recovery of property misapplied), omit "in the central registration area".
The Friendly Societies Act 1992 (c.40)
     5. Omit sections 31 to 36A (authorisation of friendly societies business).
     6. Omit sections 37 to 43 (restrictions on business of certain authorised societies).
     7. Omit sections 44 to 50 (regulation of friendly societies business).
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