# The Friendly Societies (Long Term Insurance Business) Regulations 1987, Regulation 30: Restoration plan


(1) If an authorised society fails to maintain the margin of solvency required pursuant to regulation 12 above, the society shall at the request of the Chief Registrar submit to him a plan for the restoration of a sound financial position, and shall propose modifications to the plan if he considers it inadequate as originally submitted.
(2) The society shall give effect to the plan in the form in which it is approved by the Chief Registrar, within such period as he may allow.

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Source: https://www.legislation.gov.uk/uksi/1987/2132/regulation/30 (the official version)
Page: https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.