(1) The Friendly Societies Act 1992 is amended as follows.
(2) In subsection(2)(c)(i) of section 52 (applications to court) for "life Directives" substitute "the life assurance consolidation Directive".
(3) In subsection (1) of section 119 (general interpretation) -
(a) after the definition of "committee of management" insert -
""the life assurance consolidation Directive" means Directive 2002/83/EC of the European Parliament and of the Council of 5th November 2002 concerning life assurance;";
(b) the definitions of "the first life Directive", "the second life Directive", "the third life Directive" and "the life Directives" [The definition of "the third life directive" was inserted by S.I. 1994/1984, regulation 30(f).] are omitted.
(4) In subsection (1A) of section 119 [Section 119(1A) was inserted by S.I. 1996/1669 regulation 23 and Schedule 5 paragraph 6 and amended by S.I. 2001/3649 article 205(2) and (4).] -
(a) the words ", or to the first or third life Directive," are omitte