{
  "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994",
  "json_url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994.json",
  "id": "uksi/1994/1981",
  "title": "The Friendly Societies (Insurance Business) Regulations 1994",
  "short_title": "Friendly Societies (Insurance Business) 1994",
  "long_title": "These Regulations revoke the Friendly Societies (Insurance Business No. 2) Regulations 1993 (S.I. 1993/2520) and regulations 8 to 13 of the Friendly Societies (Amendment) Regulations 1993 (S.I. 1993/2519) and re-enact those provisions with modifications. The Regulations apply to both incorporated and registered friendly societies and come into force on 1st September 1994.",
  "citation": "S.I. 1994/1981",
  "type": "uksi",
  "year": "1994",
  "number": "1981",
  "version": "current",
  "date": "1994-07-20",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 72,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/I",
      "kind": "part",
      "number": "I",
      "heading": "PRELIMINARY",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
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      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-1",
      "extent": null,
      "status": null,
      "parent": "part/I"
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Interpretation: general",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-2",
      "extent": null,
      "status": null,
      "parent": "part/I"
    },
    {
      "path": "part/II",
      "kind": "part",
      "number": "II",
      "heading": "MARGINS OF SOLVENCY",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Application: Part II",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-3",
      "extent": null,
      "status": null,
      "parent": "part/II"
    },
    {
      "path": "regulation/4",
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      "number": "4",
      "heading": "Required margin of solvency",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-4",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Guarantee fund and minimum guarantee fund",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-5",
      "extent": null,
      "status": null,
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    },
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      "path": "regulation/6",
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      "heading": "Minimum guarantee fund: long term business",
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      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-7",
      "extent": null,
      "status": null,
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    },
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      "path": "regulation/8",
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      "heading": "Valuation of solvency margins",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-8",
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    },
    {
      "path": "regulation/9",
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      "heading": "Implicit items: future surpluses",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-9",
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      "path": "regulation/11",
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      "extent": null,
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    },
    {
      "path": "part/III",
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      "number": "III",
      "heading": "MATCHING AND LOCALISATION",
      "url": null,
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    },
    {
      "path": "regulation/12",
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      "heading": "Application: Part III",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-12",
      "extent": null,
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      "path": "regulation/13",
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      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-13",
      "extent": null,
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      "path": "regulation/14",
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      "heading": "Matching: property linked benefits",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-14",
      "extent": null,
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      "path": "regulation/15",
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      "extent": null,
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    {
      "path": "regulation/16",
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      "heading": "Matching: exception for certain liabilities",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-16",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/17",
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      "heading": "Localisation",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-17",
      "extent": null,
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      "parent": "part/III"
    },
    {
      "path": "regulation/18",
      "kind": "regulation",
      "number": "18",
      "heading": "Exclusions from regulations 13 to 17",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-18",
      "extent": null,
      "status": null,
      "parent": "part/III"
    },
    {
      "path": "part/IV",
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      "number": "IV",
      "heading": "VALUATION OF ASSETS",
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    },
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      "path": "regulation/19",
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    {
      "path": "regulation/21",
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      "number": "21",
      "heading": "Shares in and debts due or to become due from dependants",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-21",
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      "path": "regulation/22",
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      "number": "22",
      "heading": "Valuation of assets and liabilities of dependants for the purposes of regulation 21",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-22",
      "extent": null,
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    {
      "path": "regulation/23",
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      "number": "23",
      "heading": "Debts and other rights",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-23",
      "extent": null,
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      "path": "regulation/24",
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      "number": "24",
      "heading": "Land",
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      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/25",
      "kind": "regulation",
      "number": "25",
      "heading": "Equipment",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-25",
      "extent": null,
      "status": null,
      "parent": "part/IV"
    },
    {
      "path": "regulation/26",
      "kind": "regulation",
      "number": "26",
      "heading": "Unlisted securities",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-26",
      "extent": null,
      "status": null,
      "parent": "part/IV"
    },
    {
      "path": "regulation/27",
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      "number": "27",
      "heading": "Unit trusts",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-27",
      "extent": null,
      "status": null,
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    {
      "path": "regulation/28",
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      "heading": "Listed Investments",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-28",
      "extent": null,
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      "path": "regulation/29",
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      "heading": "Reversionary interests etc",
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      "path": "regulation/30",
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      "path": "regulation/31",
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      "heading": "Other assets",
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      "extent": null,
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      "path": "regulation/32",
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      "heading": "Assets to be taken into account only to a specified extent",
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    {
      "path": "part/V",
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      "heading": "DETERMINATION OF LIABILITIES",
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    },
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      "path": "regulation/36",
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      "heading": "Provision for adverse changes",
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      "path": "regulation/38",
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      "path": "regulation/39",
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      "heading": "Method of calculation",
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      "path": "regulation/40",
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      "heading": "Avoidance of future valuation strain",
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      "path": "regulation/41",
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      "heading": "Valuation of future premiums",
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      "path": "regulation/42",
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      "heading": "Acquisition expenses",
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      "path": "regulation/43",
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      "heading": "Rates of interest",
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    {
      "path": "regulation/44",
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      "number": "44",
      "heading": "Rates of mortality and disability",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-44",
      "extent": null,
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    {
      "path": "regulation/45",
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      "heading": "Expenses",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-45",
      "extent": null,
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    },
    {
      "path": "regulation/46",
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      "number": "46",
      "heading": "Options",
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      "extent": null,
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    },
    {
      "path": "regulation/47",
      "kind": "regulation",
      "number": "47",
      "heading": "Contracts not to be treated as assets",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-47",
      "extent": null,
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    {
      "path": "regulation/48",
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      "heading": "No credit for profits from voluntary discontinuance",
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      "path": "regulation/49",
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      "heading": "Nature and term of assets",
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      "extent": null,
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      "path": "part/VI",
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      "number": "VI",
      "heading": "CONDUCT OF LONG TERM BUSINESS",
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      "parent": null
    },
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      "path": "regulation/50",
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      "heading": "Application: Part VI",
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    },
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      "path": "regulation/51",
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      "number": "51",
      "heading": "Linked long term contracts",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-51",
      "extent": null,
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      "path": "regulation/52",
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      "heading": "Statutory notice: long term business",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-52",
      "extent": null,
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      "parent": "part/VI"
    },
    {
      "path": "part/VII",
      "kind": "part",
      "number": "VII",
      "heading": "STATISTICAL INFORMATION",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/53",
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      "number": "53",
      "heading": "Interpretation: Part VII",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-53",
      "extent": null,
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      "parent": "part/VII"
    },
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      "path": "regulation/54",
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      "number": "54",
      "heading": "Application: Part VII",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-54",
      "extent": null,
      "status": null,
      "parent": "part/VII"
    },
    {
      "path": "regulation/55",
      "kind": "regulation",
      "number": "55",
      "heading": "Insurance statistics: EFTA States",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-55",
      "extent": null,
      "status": null,
      "parent": "part/VII"
    },
    {
      "path": "regulation/56",
      "kind": "regulation",
      "number": "56",
      "heading": "Insurance statistics: member States",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-56",
      "extent": null,
      "status": null,
      "parent": "part/VII"
    },
    {
      "path": "regulation/57",
      "kind": "regulation",
      "number": "57",
      "heading": "Regulations 55 and 56: supplementary provisions",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-57",
      "extent": null,
      "status": null,
      "parent": "part/VII"
    },
    {
      "path": "regulation/58",
      "kind": "regulation",
      "number": "58",
      "heading": "Notification of non-provision of insurance or non-carrying on of business",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-58",
      "extent": null,
      "status": null,
      "parent": "part/VII"
    },
    {
      "path": "regulation/59",
      "kind": "regulation",
      "number": "59",
      "heading": "Default in complying with regulations 55 to 58",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-59",
      "extent": null,
      "status": null,
      "parent": "part/VII"
    },
    {
      "path": "part/VIII",
      "kind": "part",
      "number": "VIII",
      "heading": "MISCELLANEOUS",
      "url": null,
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      "parent": null
    },
    {
      "path": "regulation/60",
      "kind": "regulation",
      "number": "60",
      "heading": "Annual actuarial investigation: prescribed societies",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-60",
      "extent": null,
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      "parent": "part/VIII"
    },
    {
      "path": "regulation/61",
      "kind": "regulation",
      "number": "61",
      "heading": "Annual investigation: signature of copy of abstract",
      "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-61",
      "extent": null,
      "status": null,
      "parent": "part/VIII"
    },
    {
      "path": "regulation/62",
      "kind": "regulation",
      "number": "62",
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      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(10)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.51(1)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.22(2)"
    },
    {
      "type": "revoked",
      "affected_provisions": "reg.51(4)(a)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.22(3)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.53(aa)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.23"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.56(2)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.24"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.23",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.9"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.26",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.10"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.27",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.11"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.28",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.12"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.30",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.13"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.31",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.14"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.32",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.15"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.33 (defn. of general business liabi Uties)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.16(2)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.33 (defn. of insurance liabilities)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.16(3)"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.36",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.17"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.37",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.18"
    },
    {
      "type": "added",
      "affected_provisions": "reg.38(3)(e)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.19"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.43(3)(b)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.20"
    },
    {
      "type": "added",
      "affected_provisions": "Sch.2, para.1 (defn. of incepted)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.25(2)"
    },
    {
      "type": "substituted",
      "affected_provisions": "Sch. 2, para.1 (defn. of receivable)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.25(3)"
    },
    {
      "type": "substituted",
      "affected_provisions": "Sch.5",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.26, Sch.1"
    },
    {
      "type": "substituted",
      "affected_provisions": "Sch.6",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.27, Sch 2"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.19(1) (defn. of derivative contract)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(7)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg. 17(1)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.2"
    },
    {
      "type": "amended",
      "affected_provisions": "reg. 18(1)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.3"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defn. of amortised value)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(2)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.19(1) (defn. of œapproved counterparty)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(3)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defn. of collective investment scheme)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(4)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defn. of counterparty)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(5)"
    },
    {
      "type": "revoked",
      "affected_provisions": "reg.19(1) (defn, of debenture)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(6)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defns. of debt security and deferred acquisition costsœ)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(6)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defns. of equivalent securities and exposure)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(8)"
    },
    {
      "type": "revoked",
      "affected_provisions": "reg.19(1) (defns, of equity share1 and equity share capital)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(9)"
    },
    {
      "type": "rev.in pt.",
      "affected_provisions": "reg.45(1)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.21"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defn. of initial margin)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(11)"
    },
    {
      "type": "revoked",
      "affected_provisions": "reg.19(1) (defn. of insurance liabilities)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(12)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defn. of issuer)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(13)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.19(1) (defn. of listed)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(14)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.19(1) (defn, of long term business amount)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(15)"
    },
    {
      "type": "revoked",
      "affected_provisions": "reg.19(1) (defn. of œmiddLe market quotation)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(16)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defn. of market value)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(16)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defns. of permitted asset exposure limit and permitted counterparty exposure limit)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(17)"
    },
    {
      "type": "revoked",
      "affected_provisions": "reg.19(1) (defn. of price earnings ratio)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(18)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.19(1) (defn. of regulated institution)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(19)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.19(1) (defn. of regulated marStet1)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(20)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.19(1) (defn. of securities)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(21)"
    },
    {
      "type": "revoked",
      "affected_provisions": "reg.19(1) (defn. of œstock lending transaction)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(22)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defn. of variation margin)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(23)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.19(1) (defn. of working day)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.4(24)"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.19(3)(4)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.5"
    },
    {
      "type": "substituted",
      "affected_provisions": "reg.20(A)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.6(2)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.20(5)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.6(3)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.20(S)(9)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.6(4)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.22(5) (defns. of assets of a relevant description and permitted Umit)",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.7(2)(3)"
    },
    {
      "type": "added",
      "affected_provisions": "reg.22A",
      "affecting": "uksi/1996/3008",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1996",
      "affecting_provisions": "reg.8"
    },
    {
      "type": "words omitted",
      "affected_provisions": "reg. 58(2)",
      "affecting": "uksi/1997/2849",
      "affecting_title": "The Friendly Societies (Amendment) Regulations 1997",
      "affecting_provisions": "reg. 6"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 56",
      "affecting": "uksi/1997/2849",
      "affecting_title": "The Friendly Societies (Amendment) Regulations 1997",
      "affecting_provisions": "reg. 6"
    },
    {
      "type": "revoked",
      "affected_provisions": "reg. 55",
      "affecting": "uksi/1997/2849",
      "affecting_title": "The Friendly Societies (Amendment) Regulations 1997",
      "affecting_provisions": "reg. 6"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 58",
      "affecting": "uksi/1997/2849",
      "affecting_title": "The Friendly Societies (Amendment) Regulations 1997",
      "affecting_provisions": "reg. 6"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.31(3)(a)",
      "affecting": "uksi/1997/966",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 1997",
      "affecting_provisions": "reg.2"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.43",
      "affecting": "uksi/2000/1700",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(c)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.46",
      "affecting": "uksi/2000/1700",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(d)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.38",
      "affecting": "uksi/2000/1700",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(a)"
    },
    {
      "type": "amended",
      "affected_provisions": "reg.41",
      "affecting": "uksi/2000/1700",
      "affecting_title": "The Friendly Societies (Insurance Business) (Amendment) Regulations 2000",
      "affecting_provisions": "reg.2(b)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 19(1)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "reg. 13(4)(a)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 19(1)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "reg. 13(4)(b)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 19(1)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "reg. 13(4)(c)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 19(1)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "reg. 13(4)(d)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 19(1)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "reg. 13(4)(e)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 19(1)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "reg. 13(3)"
    },
    {
      "type": "words inserted",
      "affected_provisions": "reg. 2(1)",
      "affecting": "uksi/2000/2952",
      "affecting_title": "The Banking Consolidation Directive (Consequential Amendments) Regulations 2000",
      "affecting_provisions": "reg. 13(2)"
    },
    {
      "type": "revoked",
      "affected_provisions": "Regulations",
      "affecting": "uksi/2001/3649",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001",
      "affecting_provisions": "art. 464"
    }
  ],
  "made_under": [
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      "url": "https://openlegislation.uk/european-communities-act-1972-repealed",
      "provisions": []
    },
    {
      "id": "ukpga/1992/40",
      "title": "Friendly Societies Act 1992",
      "url": "https://openlegislation.uk/friendly-societies-act-1992",
      "provisions": [
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        "section/46",
        "section/48",
        "section/49",
        "section/56",
        "section/121"
      ]
    }
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  "changes_made_to": 72,
  "changes_made_to_url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/changes.json",
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  "instruments_made_under_url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1981",
    "retrieved_at": "2026-10-29T13:28:42.756083+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
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