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The Friendly Societies Act 1992 (Industrial Assurance) (Channel Islands) Order 2001

S.I. 2001/3677 · Made 14 November 2001

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

FRIENDLY SOCIETIES

Made 14th November 2001

Coming into force 1st December 2001

At the Court at Buckingham Palace, the 14th day of November 2001

Present,

The Queen’s Most Excellent Majesty in Council

Her Majesty, in exercise of the powers conferred on her by section 125 of the Friendly Societies Act 1992f1, is pleased, by and with the advice of Her Privy Council, to order, and it is hereby ordered as follows:—

Annotations to the whole text

Footnotes

f1

1992 c. 40.

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Friendly Societies Act 1992 (Industrial Assurance) (Channel Islands) Order 2001 and comes into force on 1st December 2001.

2

The following provisions of the Friendly Societies Act 1992 are extended to the Bailiwick of Guernsey and the Bailiwick of Jersey—

(a)

section 100 (industrial assurance);

(b)

in Part 1 of Schedule 19—

(i)

paragraph 1,

(ii)

paragraph 2 (substitution of subsection (1A) and amendment of subsection (2) of section 1f1 of the Industrial Assurance Act 1923),

(iii)

paragraph 7 (substitution of section 23 of the Industrial Assurance Act 1923),

(iv)

paragraph 9 (substitution of section 32 of the Industrial Assurance Act 1923),

(v)

paragraph 12 (insertion of definitions of “the Commission”, “friendly society” and “incorporated friendly society” and “the relevant authority” into section 45(1) of the Industrial Assurance Act 1923).

Signature

A.K. Galloway

Clerk of the Privy Council

Explanatory note

(This note is not part of the Order)

This Order extends to the Channel Islands provisions of the Friendly Societies Act 1992 which amended the Industrial Assurance Act 1923. The Order is made to enable transitional savings of the Industrial Assurance Acts to apply in similar fashion in the Channel Islands as in the United Kingdom, when section 416 of the Financial Services and Markets Act 2000 comes into force on 1st December 2001. Section 416 of the 2000 Act repeals, amongst other things, the Industrial Assurance Acts. The transitional savings (which will be contained in a separate Order) ensure that policyholders who entered into policies before the repeal of the Industrial Assurance Acts retain the benefit of the special protections that such policies attracted.