# The Friendly Societies Act 1992 (Amendment) Regulations 1994, Regulation 27: Actuary’s report on transfer of long term business


In subsection (1) of section 88 of the 1992 Act (actuary’s report on transfer of long term business), for paragraph (a) substitute–
“(a) a friendly society (“a transferor society”) proposes to transfer to any person engagements the fulfilment of which will constitute–
(i) in the case of a society to which subsection (2) or (3) of section 37 above applies, the carrying on of long term business in one of more member States; or
(ii) in the case of a society to which neither of those subsections applies, the carrying on of long term business in the United Kingdom; or”.

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Source: https://www.legislation.gov.uk/uksi/1994/1984/regulation/27 (the official version)
Page: https://openlegislation.uk/friendly-societies-act-1992-amendment-regulations-1994/regulation-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.