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Regulation 5

Original text. Later amendments are not shown.

The Chief Registrar of Friendly Societies may before 15th February 1971 approve a special scheme intended to be adopted by a friendly society for the purpose mentioned in regulation 4 if—

(a)

in his opinion regulation 2 cannot be made to apply to payments under the contracts to which the special scheme applies without difficulty or inconvenience having regard to the times or method of their payment or to any other relevant matter, and

(b)

where by virtue of the scheme any payments payable to the friendly society are increased, an actuary has certified that the scheme provides where actuarially appropriate for suitable adjustments to the benefits for which those payments are payable.