(1) In Schedule 15 to the Friendly Societies Act 1992, paragraph 15A [Paragraph 15A was inserted by S.I. 1993/2519 regulation 5, substituted by S.I. 1994/1984, regulation 25, Schedule 4, paragraph 4 and has been amended by S.I. 1997/2849 and S.I. 2001/2617.] is amended as follows.

(2) In sub-paragraph (1)(c) -

(a) for paragraph (ii) substitute -

"(ii) a UK firm which has an EEA right deriving from any of the insurance directives;";

(b) for paragraph (iii) substitute -

"(iii) an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to the Financial Services and Markets Act 2000;";

(c) paragraph (iv) is repealed.

(3) For sub-paragraph (6), substitute -

"(6) In this paragraph "the relevant authority" means -

(a) if the transferee falls within paragraph (1)(c)(iii), its home state regulator;