Paragraph 4

at the beginning of subsection (1), for the word “Any” there were substituted “Subject to subsection (1A), any”; and

after subsection (1), there were inserted—

“(1A)

A registered society that—

(a)

is a prescribed community benefit society; and

(b)

has a restriction on use,

may only amalgamate with another registered society that is a prescribed community benefit society and has a restriction on use and, for this purpose, “prescribed community benefit society” and “restriction on use” have the same meaning as in the Community Benefit Societies (Restriction on Use of Assets) Regulations 2006.”.