Where a registered friendly society does not on 1st January 1994 maintain a register of the names and addresses of members of the society as required by section 63A of the 1974 Act [Section 63A was inserted by paragraph 22 of Schedule 16 to the Friendly Societies Act 1992 (c. 40).] it shall not be subect to the obligations imposed by section 63A until the specified date or until the expiry of the transitional period, whichever is the earlier.