The Friendly Societies Act 1992 (Commencement No. 3 and Transitional Provisions) Order 1993
This Order brings into force the provisions of the Friendly Societies Act 1992 listed in Schedules 1 and 2 on 13th January 1993 and brings into force the provisions listed in Schedules 3 and 4 on 1st February 1993 for the purposes described in the respective Schedules or generally. The provisions listed in Schedule 1 concern the management and administration of friendly societies, the regulations of their business, and accounting and auditing requirements, and, with the exception of some of the listed provisions of Part IV of the 1992 Act, will only come into force for friendly societies incorporated under the 1992 Act. Specified provisions of Part IV of the 1992 Act concerning applications for and the grant of authorisation will also come into force for registered friendly societies which are seeking incorporation under the 1992 Act and apply for authorisation to carry on business as incorporated friendly societies. The provisions in Schedule 2 concern the settlement of disputes involving friendly societies and industrial and provident societies and documents and fees, and the provisions in Schedule 3 relate to the establishment, purposes, powers and dissolution of incorporated friendly societies and minor jurisdictional and regulatory matters applying to friendly societies generally. Schedule 4 lists provisions amending the Financial Services Act 1986 and the industrial assurance legislation for incorporated friendly societies and industrial assurance companies. The Order also contains transitional provisions relating to the settlement of disputes involving friendly societies and other societies registered under the Friendly Societies Act 1974, industrial and provident societies, industrial assurance companies and collecting societies and as to the procedural rights, requirements and obligations of friendly societies and their members and of collecting societies.