Paragraph 12 Insurers (Reorganisation and Winding Up) Regulations 2004

(1)

The Insurers (Reorganisation and Winding Up) Regulations 2004^f1 are amended as follows.

(2)

In regulation 2 (interpretation)—

(a)

in paragraph (1) after the definition of “PRA-authorised person” insert—

““registered society” means a society, other than a society registered as a credit union, which is—

(a)

a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014; or

(b)

a society registered or deemed to be registered under the Industrial and Provident Societies Act (Northern Ireland) 1969;”; and

(b)

in paragraph (3)—

(i)

for “industrial and provident societies” substitute “registered societies”;

(ii)

for “the Industrial and Provident Societies Act 1965” substitute “the Co-operative and Community Benefit Societies Act 2014”.

(3)

In regulation 17(1) (interpretation of Part 4) in the definition of “society” for sub-paragraph (c) substitute—

“(c)
a registered society.”.

Annotations

Footnotes

f1: S.I. 2004/353. There are amending instruments but none is relevant.