Preliminary
(1) In this Part of this Schedule "application" means an application by a friendly society for authorisation and, in relation to any application, "the society" means the friendly society making the application.
(2) For the purposes of this Part of this Schedule "officer", in relation to a registered friendly society, does not include a trustee of the society.
Procedure for granting authorisation
(1) An application shall be made in such manner as the Commission may specify, either generally or in any particular case.
(2) Subject to sub-paragraph (3) below, the society must submit to the Commission such proposals as to the manner in which it proposes to carry on business, such financial forecasts and such other information as may be required by or in accordance with regulations made by the Commission with the consent of the Treasury.
(3) Where the application is made under section 33 above the society shall, instead of submitting the information mentioned