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| | Introductory Text |
| | Part I Functions of the Financial Conduct Authority and the Prudential Regulation Authority (s. 1) |
In force | 1. Functions of the Financial Conduct Authority and the Prudential Regulation Authority in relation to friendly societies. |
Deleted | 2. Financial provision for Commission |
Deleted | 3. Accounts of Commission and audit |
Deleted | 4. Annual and other reports |
| | Part II Incorporated Friendly Societies (ss. 5-26) |
| | Constitution and purposes of incorporated friendly societies (ss. 5-13) |
In force | 5. Establishment of incorporated friendly societies |
In force | 6. Incorporation of registered friendly societies |
In force | 7. Purposes and powers of an incorporated friendly society |
In force | 8. Effect of the memorandum of an incorporated society |
In force | 9. Effect of the rules of an incorporated society |
In force | 10. Social and benevolent activities |
In force | 11. Group insurance |
In force | 12. Reinsurance |
In force | 13. Control of subsidiaries and other bodies corporate |
| | Powers of incorporated friendly societies (ss. 14-17) |
In force | 14. Investment of funds |
In force | 15. Holding of land for purposes other than investment |
In force | 16. Assistance to subsidiaries and jointly controlled bodies |
In force | 17. Loans to assured members |
| | Benefit terms (s. 18) |
In force | 18. Terms on which benefits are available |
| | Dissolution and winding up (ss. 19-26) |
In force | 19. Modes of dissolution and winding up |
In force | 20. Dissolution by consent |
In force | 21. Voluntary winding up |
In force | 22. Winding up by court: grounds and petitioners |
In force | 23. Application of winding up legislation to incorporated friendly societies |
In force | 24. Continuation of long term business |
In force | 25. Power of court to declare dissolution void |
In force | 26. Cancellation of registration |
| | Part III Management and Administration (ss. 27-30) |
| | Committee of management and other officers (ss. 27-29) |
In force | 27. Committee of management |
In force | 28. Chief executive and secretary |
In force | 29. Notification of officers to FCA |
| | Meetings and resolutions (s. 30) |
In force | 30. Meetings and resolutions |
| | Part IV Authorisation of Friendly Societies' Business (ss. 31-43) |
| | Restriction on carrying on unauthorised business (s. 31) |
Repealed | 31. Restriction on carrying on unauthorised insurance or non-insurance business |
| | Authorisation to carry on business (ss. 32-36A) |
Repealed | 32. Grant of authorisation by Commission: general |
Repealed | 33. Applications from certain existing friendly societies |
Repealed | 34. Grant of unconditional or conditional authorisation |
Repealed | 35. Extension of current authorisation |
Repealed | 36. Imposition of conditions on current authorisation |
Omitted | 36A. Directions for deeming conditions to have been imposed |
| | Restrictions on business of certain authorised societies (ss. 37-38) |
In force | 37. Restriction on combinations of business |
Repealed | 38. Restriction on commercial business |
| | Powers of Commission in relation to authorised societies (ss. 39-41) |
Repealed | 39. Power to direct application for fresh authorisation |
Repealed | 40. Withdrawal of authorisation in respect of new business |
Repealed | 41. Withdrawal of authorisation to carry on insurance business |
| | Supplementary (ss. 42-43) |
Repealed | 42. Contracts effected in contravention of section 31(1) |
Repealed | 43. Interpretation of Part IV |
| | Part V Regulation of Friendly Societies' Business (ss. 44-67D) |
| | Preliminary (ss. 44-45) |
Repealed | 44. Appointment of actuary by societies with long term business |
Repealed | 45. Valuation of assets and liabilities |
| | Actuarial investigations (ss. 46-47) |
Repealed | 46. Annual investigation into condition of certain societies |
Repealed | 47. Triennial investigations into condition of certain societies |
| | Margins of solvency (ss. 48-49) |
Repealed | 48. Margins of solvency in relation to insurance business of certain societies |
Repealed | 49. Failure to maintain prescribed margin of solvency |
| | Adequacy of assets and premiums (ss. 49A-49B) |
Repealed | 49A. Adequacy of assets |
Repealed | 49B. Adequacy of premiums in respect of long term insurance |
| | Criteria of prudent management (s. 50) |
Repealed | 50. The criteria of prudent management |
| | Powers of FCA and PRA (ss. 51-56) |
Repealed | 51. Power to forbid acceptance of new members |
In force | 52. Applications to court |
Repealed | 52A. Prohibition on disposal of assets. |
Repealed | 53. Residual power to impose requirements for protection of members |
In force | 54. Supervision of activities of subsidiaries etc |
In force | 55. Supervision of group insurance business |
In force | 55A. Supervision of controllers. |
Repealed | 56. Linked long-term insurance contracts |
| | Covering of risks situated in another member State (ss. 57-57A) |
Repealed | 57. Recognition of societies in accordance with insurance Directives |
Repealed | 57A. Notification by Commission of measures taken by it |
| | Notices, hearings and appeals (s. 58A) |
In force | 58A. Notices, hearings and appeals |
| | Appeals (ss. 58-61) [Substituted with new heading Notices, hearings and appeals (s. 58A)] |
Deleted | 58. Rights of appeal |
Deleted | 59. Determination of appeals |
Deleted | 60. Costs, procedure and evidence |
Deleted | 61. Further appeals on points of law |
| | Information (ss. 62-64) |
In force | 62. Powers to obtain information and documents etc |
In force | 62A. Entry of premises under warrant under section 176 of the Financial Services and Markets Act 2000 |
Deleted | 63. Confidentiality of certain information [Substituted with new s. 63A] |
In force | 63A. Disclosure of information |
Deleted | 64. Exceptions from restrictions on disclosure [Substituted with new s. 63A] |
| | Inspections etc. (ss. 65-67D) |
In force | 65. Investigations on behalf of FCA or PRA |
In force | 66. Inspections and special meetings: general |
In force | 67. Inspections: supplementary provision |
Repealed | 67A. Information for members |
Repealed | 67B. Statutory notice |
Repealed | 67C. Right to withdraw from transaction |
Repealed | 67D. Service of notice of cancellation |
| | Part VI Accounts and Audit (ss. 68-79) |
| | Records (s. 68) |
In force | 68. Accounting records |
| | Annual accounts of friendly societies and registered branches (ss. 69-70) |
Deleted | 69. Duty to prepare accounts [Substituted with new ss. 69A-69I] |
In force | 69A. Duty to prepare individual accounts |
In force | 69B. Friendly Societies Act individual accounts |
In force | 69C. Form and contents of Friendly Societies Act individual accounts |
In force | 69D. IAS individual accounts |
In force | 69E. Duty to prepare group accounts |
In force | 69F. Friendly Societies Act group accounts |
In force | 69G. Form and content of Friendly Societies Act group accounts |
In force | 69H. IAS group accounts |
In force | 69I. Consistency of accounts |
In force | 69J. Disclosures relating to members of the committee of management and employees of the society |
In force | 69K. Disclosures about related undertakings |
In force | 69L. Disclosures relating to off-balance-sheet arrangements |
In force | 69M. Disclosure of auditor remuneration |
Deleted | 70. Contents and form of annual accounts [Substituted with new ss. 69A-69I] |
| | Committee of management's annual report (ss. 71-71A) |
In force | 71. Report on a friendly society's affairs by the committee of management |
In force | 71A. Business review |
| | Auditors (s. 72) |
In force | 72. Auditors' appointment, tenure, qualifications, etc |
| | Auditors' report on annual accounts (ss. 73-77) |
In force | 73. Auditor's report |
In force | 74. Signature of auditor's report |
In force | 74A. Senior statutory auditor |
In force | 74B. Names to be stated in copies of auditor's report filed or published |
In force | 74C. Circumstances in which names may be omitted |
In force | 75. Auditor's rights to information and to attend meetings |
In force | 76. Approval and signing of accounts |
In force | 77. Information on appointed actuary to be annexed to balance sheet |
| | Laying and furnishing of accounts and reports (ss. 78-79) |
In force | 78. Laying and furnishing of accounts and reports |
In force | 78A. Interpretation of Part 6 |
Repealed | 79. Auditors' duties to Commission and related rights |
| | Part VII Disputes (ss. 80-84) |
| | Disputes relating to friendly societies (ss. 80-82) |
In force | 80. Determination of certain disputes by arbitration |
In force | 81. Complaints by members of friendly societies |
In force | 82. Disputes arising out of loans of surplus funds to societies of different description |
| | Disputes relating to industrial and provident societies (s. 83) |
Repealed | 83. Disputes relating to industrial and provident societies |
| | Disputes under National Savings Bank Act 1971 and National Debt Act 1972 (s. 84) |
Repealed | 84. Disputes under the National Savings Bank Act 1971 and National Debt Act 1972 |
| | Part VIII Amalgamations, Transfers of Engagements and Conversion of Friendly Societies into Companies (ss. 85-92) |
| | Amalgamations (s. 85) |
In force | 85. Amalgamation of friendly societies |
| | Transfers of engagements (ss. 86-90A) |
In force | 86. Transfer of engagements by or to friendly society |
In force | 87. Actuary's report as to margin of solvency |
In force | 88. Actuary's report on transfer of long term business |
In force | 89. Power of appropriate authority to alter requirements for transfer by friendly society |
In force | 90. Power of appropriate authority to effect transfer of engagements |
Repealed | 90A. Issue of certificates by Commission |
| | Conversions (s. 91) |
In force | 91. Conversion of friendly society into company |
| | Supplementary (s. 92) |
In force | 92. Compensation for loss of office |
| | Part IX Miscellaneous (ss. 93-101) |
| | Societies registered under 1974 Act (ss. 93-95) |
In force | 93. Registration of societies under 1974 Act |
In force | 94. Registered friendly societies and branches: validation and ratification by members |
In force | 95. Amendments of 1974 Act |
| | Societies registered in Northern Ireland (s. 96) |
In force | 96. Extension of 1974 Act to Northern Ireland |
| | Other miscellaneous provisions (ss. 97-101) |
Repealed | 97. Insurance protection |
Repealed | 98. Financial services |
In force | 99. Insurance of lives of children under 10 |
Repealed | 100. Industrial assurance |
Repealed | 101. Law applicable to contracts of insurance with friendly societies |
| | Part X General and Supplementary (ss. 102-126) |
| | General (ss. 102-115) |
In force | 102. Power to amend, etc. to assimilate to company law or law relating to persons carrying on insurance business |
In force | 103. Power to modify Part VI in relation to particular friendly societies |
In force | 104. Public file of a friendly society |
In force | 105. Exemptions from stamp duty |
In force | 105A. Stamp duty land tax |
In force | 106. Officers and auditors not to be exempted from liability |
In force | 107. Time limit for commencing proceedings |
In force | 108. Offences by bodies corporate, partnerships and unincorporated associations |
In force | 109. Defence of due diligence |
Repealed | 110. Jurisdiction of magistrates' courts |
In force | 111. Evidence |
In force | 112. Records of friendly societies |
In force | 113. Service of notices |
In force | 114. Form of documents and power to prescribe fees |
In force | 115. Provision as to information supplied for purposes of social security |
| | Interpretation (ss. 116-119B) |
In force | 116. Friendly societies etc |
In force | 117. Insurance business etc |
In force | 118. Financial year of friendly societies |
In force | 119. General interpretation |
In force | 119A. Meaning of "associate" |
In force | 119AA. Meaning of electronic form, electronic means etc. |
In force | 119AB. Communications by means of a website |
Repealed | 119B. Meaning of "main agent" |
| | Supplementary (ss. 120-126) |
In force | 120. Amendments and repeals |
In force | 121. Orders and regulations |
Ceased | 122. Expenses |
In force | 123. Power to make transitional, consequential etc. provisions |
In force | 124. Northern Ireland |
In force | 125. Channel Islands and Isle of Man |
In force | 126. Short title and commencement |
Repealed | Schedule 1 The Friendly Societies Commission |
In force | Schedule 2 The Activities of a Friendly Society |
In force | Schedule 3 Establishment, Incorporation and Constitution of Incorporated Friendly Societies |
In force | Schedule 4 Incorporation of Registered Friendly Societies: Supplementary |
In force | Schedule 5 Additional Activities of Incorporated Societies |
In force | Schedule 6 Making of Contracts and Execution of Documents by Incorporated Friendly Societies |
Repealed | Schedule 7 Activities which may be carried on by a Subsidiary of or Body Jointly Controlled by an Incorporated Friendly Society |
In force | Schedule 8 Provisions supplementary to Section 13 |
In force | Schedule 9 Nominations by Members of Incorporated Friendly Societies and Related Matters |
| | Schedule 10 Application of Companies Winding Up Legislation to Incorporated Friendly Societies |
In force | Schedule 10, Part I General Mode of Application (paras. 1-5) |
In force | Schedule 10, Part II Modified Application of Insolvency Act 1986 Parts IV, 6, 7, 12 and 13 and Schedule 10 (paras. 6-36B) |
In force | Schedule 10, Part III Modified Application of Insolvency (Northern Ireland) Order 1989 (paras. 37-66) |
In force | Schedule 10, Part IV Supplementary (paras. 67-69) |
| | Schedule 11 Committee of Management: Supplementary |
In force | Schedule 11, Part I Eligibility and Retirement of Committee Members (paras. 1-7) |
In force | Schedule 11, Part II Dealings with Members of Committee of Management (paras. 8-16) |
In force | Schedule 12 Meetings and Resolutions |
| | Schedule 13 Authorisation: Supplementary Provisions |
Repealed | Schedule 13, Part I Applications for Authorisation (paras. 1-5) |
Repealed | Schedule 13, Part II Imposition of Conditions and Withdrawal of Authorisation (paras. 6-12) |
Repealed | Schedule 13A Supervision of controllers of friendly societies to which section 37(2) or (3) applies |
| | Schedule 13B Recognition in other EEA states of friendly societies to which section 37(2) or (3) applies |
Repealed | Schedule 13B, Part I Friendly societies carrying on business Etc, in other member states (paras. 1-8) |
Repealed | Schedule 13B, Part II Friendly societies providing insurance in EFTA states (paras. 9-10) |
Repealed | Schedule 13B, Part III Friendly societies providing insurance in the United Kingdom through overseas branches in other EEA states (para. 11) |
Repealed | Schedule 13B, Part IV Supplemental (paras. 12-13) |
Repealed | Schedule 13C Information for members of friendly societies to which section 37(2) or (3) applies |
| | Schedule 13D Disclosures about members of the committee of management and employees |
In force | Schedule 13D, Part 1 Emoluments of and dealings with members of the committee (paras. 1-12) |
In force | Schedule 13D, Part 2 Information about employees (paras. 13-14) |
| | Schedule 13E Disclosures about related undertakings |
In force | Schedule 13E, Part 1 Societies not required to prepare consolidated group accounts (paras. 1-8) |
In force | Schedule 13E, Part 2 Societies required to prepare consolidated accounts (paras. 9-20) |
In force | Schedule 13F Disclosure of auditor remuneration etc |
In force | Schedule 14 Auditors: Appointment, Tenure, Qualifications and Remuneration |
In force | Schedule 14A Appointment and removal of auditors: societies subject to special requirements |
| | Schedule 15 Amalgamations, Transfers of Engagements and Conversion: Supplementary |
In force | Schedule 15, Part I Provision of Information to Members (paras. 1-4ZA) |
In force | Schedule 15, Part II Confirmation by appropriate authority (paras. 5-18) |
In force | Schedule 16 Amendments of 1974 Act |
Repealed | Schedule 17 Amendments of Policyholders Protection Act 1975 |
| | Schedule 18 Amendments of Financial Services Act 1986 |
Repealed | Schedule 18, Part I Amendments of Provisions Other Than Schedule 11 (paras. 1-9) |
Repealed | Schedule 18, Part II Amendments of Schedule 11 (paras. 10-22) |
| | Schedule 19 Industrial Assurance |
Repealed | Schedule 19, Part I Great Britain (paras. 1-16) |
Repealed | Schedule 19, Part II Northern Ireland (paras. 17-32) |
Repealed | Schedule 20 Law Applicable to Certain Contracts of Insurance |
| | Schedule 21 Amendments |
In force | Schedule 21, Part I Amendments of Enactments (paras. 1-19) |
In force | Schedule 21, Part II Amendments of Northern Ireland Legislation (paras. 20-31) |
| | Schedule 22 Repeals |
Partly in force | Schedule 22, Part I General |
Partly in force | Schedule 22, Part II Northern Ireland Legislation |
