(1) Subsection (2) below applies where -
(a) it appears to the Commission that there has been or is, on the part of an authorised friendly society to which section 37(2) or (3) below applies or its committee of management, a failure to satisfy the 8th criterion in section 50(3) below; and
(b) the Commission proposes, on that ground, to impose conditions under section 36 above on the society's authorisation.
(2) If the Commission considers it expedient to do so in order to protect the interests of members of the society, the Commission may direct that, for the period -
(a) beginning with service of notice of the proposal under paragraph 7(1) or 8(2) of Schedule 13 to this Act, and
(b) ending with service of the Commission's decision notice,
the proposed conditions shall be deemed to have been imposed under section 36 above on the society's authorisation.
(3) In subsection (2) above "the Commission's decision notice" means - (a) in relation to a notice of the proposal under parag