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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations provide for a general charge to be paid by friendly societies towards the expenses of the Friendly Societies Commission. The charge is levied with respect to the Commission’s accounting year beginning 1st April 2000 and is expected to raise £1.6 million (an increase of 26% from that raised for the accounting year beginning 1st April 1999). In accordance with Schedule 1, each society is required to pay 0.55% of its “specified income” for the year to 31st December 1999, subject to a minimum charge of £350 and a maximum of £47,000. (Under the Friendly Societies (General Charge and Fees) Regulations 1999 (“the 1999 Regulations”) the percentage was 0.435%, and the minimum and maximum £300 and £36,000 respectively.

These Regulations also, by regulations 5 and 6 and Schedule 2 and 3, require and prescribe fees to be paid for matters transacted under the Friendly Societies Act 1974 or the Friendly Societies Act 1992. These have been increased by an average of 3.3 per cent. The increases are confined to certain items in Schedule 2 and 3, and the following table shows the relevant amounts payable under the 1999 Regulations and under these Regulations.

Paragraph in Schedule 2 to the 2000 RegulationsFee under the 1999 RegulationsFee under the 2000 Regulations
££
1

For the incorporation of a friendly society and the registration of the friendly society’s rules–

(a)

where it relates to a new friendly society

900940
(b)

where it relates to an existing society

750780
2

For the registration of a branch

200205
3

For the grant of authorisation under section 32 of the 1992 Act in respect of each class of insurance business and each description of non-insurance business authorised

1,0901,120
6

The fees specified in this paragraph shall be payable where the society or branch concerned has by notice made an election under paragraph 5 of this Schedule:

(a)

for the acknowledgement of registration of an amendment to rules (including approval of name in the case of an amendment effecting a change of name of a society or a branch)–

(i)

if the amendment substitutes an entire set of rules for the existing set of rules (except as provided in paragraph 19 of this Schedule)–

(a)

where made by a society

500525
(b)

where made by a branch

160170
(ii)

if the amendment does not substitute an entire set of rules for the existing set of rules–

(a)

where made by a society

250260
(b)

where made by a branch

6570
(d)

for the acknowledgement of change of name of an incorporated friendly society

175180
(e)

for the acknowledgement of registration of an alteration of the memorandum of an incorporated friendly society

275285
7

For the registration of a special resolution–

(a)

where the special resolution relates to an amalgamation or a transfer of engagements

385400
(b)

where the special resolution relates to a conversion

650675
9

For the calling of a special meeting by the Commission

550565
10

For the appointment of an inspector by the Commission

220225
11

For the registration of an instrument of dissolution

(a)

of a society

440450
(b)

of a branch

320330
17

For the approval of a form of model rules relating to a society registered as a working men’s club submitted by a sponsoring association or body

8801,000
18

For the approval of a form of model rules relating to a society registered as a working men’s club submitted by a sponsoring association or body where such form of model rules amends an already approved form of model rules and contains a maximum of six amendments

275285
20

For the confirmation of an amalgamation or transfer of engagements

2,1802,245
21

For the confirmation of an amalgamation or transfer of engagements where a society which is not a society to which section 37(2) or (3) of the 1992 Act applies has made the application which is accepted by the Commission for a reduction in the fee otherwise payable

220225
22

For the approval by the Commission of a statement relating to an amalgamation or transfer of engagements required to be sent by a society to its members under paragraph 1 of Schedule 15 to the 1992 Act or of a statement relating to a conversion required to be sent by a society to its members under paragraph 3 of that Schedule

2,1802,245
23

For the approval by the Commission of a statement required to be sent by a society to its members as described in paragraph 22 of this Schedule where a society which is not a society to which section 37(2) or (3) of the 1992 Act applies has made application which is accepted by the Commission for a reduction in the fee otherwise payable

330340
24

For the registration of a copy of an instrument of transfer of engagements

180185
25

For the registration of a scheme under section 6(5) of the 1992 Act

120125
27

For the confirmation of a conversion

2,1802,245
28

For the consent of the Commission that instrument of dissolution or alteration shall be of effect for the purpose of effecting or facilitating a transfer of engagements to any other friendly society or to a company

2,1802,245
29

For the consent of the Commission for a society to form or acquire control of a body corporate jointly with a person other than another incorporated friendly society

2,1802,245
30

For the consent of the Commission for a society to undertake to fulfil the engagements of another society by a special resolution of the committee of management

330340
35

For the consent of the Commission for a society to value implicit items in accordance with the provisions of regulations 9 to 11, with respect to long term business, and regulation 11, with respect to general business, of Friendly Societies (Insurance Business) Regulations 1994

210215
Paragraph in Schedule 3 to the 2000 RegulationsFee under the 1999 RegulationsFee under the 2000 Regulations
££
2

For the provision of a copy of the whole of or an extract from any document–

(b)

where the copy is certified as provided in sub-paragraph (a) above (as an addition to whatever fee would be payable if the copy were not so certified)

8.0012.00